Danfoss Industries Pvt Ltd has entered into a Memorandum of Understanding with the government of Tamil nadu for the allotment of 50 acres of industrial land in Oragadam, an industrial area located on the outskirts of Chennai. As per of the agreement, Danfoss India has made a commitment to invest in an integrated campus at this site and over the years create jobs for 1200 persons.
This deal sets Danfoss on a major expansion track in India in line with ‘India 2015’, a growth strategy. The company plans to tap further into the fast growing Indian market and increase sales three fold by 2015. A pivotal part of this strategy is to build a combined manufacturing, R&D and sales campus over the next three years that will serve as Danfoss India’s future headquarters.