Danfoss to develop more 'Made in India' products to serve the local market
Danfoss India, subsidiary of Denmark-based Danfoss, has drawn up plans to increase manpower and develop more 'Made in India' products to serve the local market, a top official has said. Danfoss India, on Thursday, completed 25 years of its operations in the country and 90 years globally. In 2022, Danfoss India registered double-digit growths in all three segments -- Danfoss Power Solutions, Danfoss Power Electronics and Drives, along with Danfoss Climate Solutions. The Indian subsidiary was also growing at the highest rate among all the Danfoss groups at the global level and Danfoss India is seen as a priority market with high growth potential. "I am delighted to celebrate Danfoss' 25th anniversary in India which also coincides with our 90th anniversary worldwide. The many milestones we have achieved together with our partners and customers is a testimony of Danfoss' contribution to India's growth story,'' Danfoss A/S president and chief executive officer Kim Fausing said at the ..
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