Danfoss plans ₹500 crore capex in India for localisation and capacity expansion

Danfoss plans to spend ₹500 crore over the next 12 to 20 months on localisation and capacity expansion across its six Indian factories, adding more than 500 people. The plan is part of its India growth strategy.

“We have planned a capex of ₹500 crore over the next 12-20 months, primarily in localisation and expansion of capacity across our six factories in India.”thehindubusinessline.com

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• thehindubusinessline.comDanfoss plans fresh investment of ₹500 crore in India in localisation and capacity expansion - The HinduBusinessLineMar 25, 2024

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