Danfoss Industries Pvt Ltd has announced its bullish stance on furthering the presence of its Drives segment in India, to further its localisation and support the GoI’s mission towards an ‘Atmanirbhar Bharat’. The Danfoss Group has made significant investments to the tune of INR 1000+ crores in last six years, to further the company’s commitment towards strengthening its local manufacturing and powering its capabilities towards India-focussed R&D and innovation. By 2025, it is estimated that more than 5 billion people (over half the estimated world population) will benefit directly or indirectly from the value added by Danfoss Drives globally in their everyday lives. Additionally, the current installed base of drives is estimated to help to save the annual equivalent of 60 hours of global energy consumption.
Since the company began its independent operations in India, Danfoss India has quadrupled its localisation efforts in terms of production and supply chain capabilities and projects 90 per cent localisation by 2022. Today, Danfoss Drives’ India Design Center serves as a hub for Global High Power Designs, Application Development Center and Product Engineering Center and Center of Excellence in heavy industries. Speaking on the Danfoss Global Drives business, Vesa Laisi, President, Danfoss Drives said, “At Danfoss Drives, we are focussed on generating value from our decades of experience to help drive the sustainability goals of national and international governments, in a bid to help engineer a better and more sustainable future. Backed by a strong understanding of the global megatrends that are powering the world’s economic and social growth, we aim to push the boundaries of technology by innovating solutions to tackle climate change, helps cope with rapid urbanisation and helps improve standards of living among the citizens of the world.
On the Danfoss Drives in India, P L Palanisamy, Director – Danfoss Drives, Danfoss India said, “Since its inception, Danfoss India has viewed the region with vast growth potential. We continue to be the market leader across several verticals such as commercial buildings, chemical, power, textiles, cement, pulp & paper, etc. due to our continuous innovation and value addition to customers. With the wide-spread adoption of our drives across key Indian industries, we have increasingly strengthened our resolve to make our Danfoss Drives business self-reliant where ~80 per cent of our supplies are produced from India Campus with an increasing focus on building a local supplier base and enhancing process innovation for our customers in India. We are optimistic that the move towards increasing investments in the Drive segments will stimulate continued growth for Danfoss in India.
“Danfoss India’ commitment to India has been unwavering from the start and the recent increase in India investments of our Drives segment reinforces this commitment. We remain steadfast in our journey towards complete localisation and stand in solidarity with the centre’s clarion call for “India for India” and the “Atmanirbhar Bharat Abhiyaan,” said Ravichandran Purushothaman, President, Danfoss India.
Since March 2020, with the implementation of the nationwide lockdown, Danfoss India has demonstrated extreme business resilience and agility, ensuring minimal disruptions to its operations. While select production lines have already been ramped up to 100 per cent capacity, a sizeable portion of the staff continues to work from home. In the coming years, Danfoss also aims to implement numerous measures to further reduce our energy consumption and drive greener technology investments in its buildings and processes.