V Rishi Kumar, Business Line
Danfoss India, a climate and energy-efficient solutions provider and part of the Denmark-based Danfoss group, plans to step up local sourcing in India, while it consolidates its business.
“The company operations in India have grown to revenues of over ₹1,250 crore last year apart from exports of over ₹600 crore. While the localisation is at about 20-25 per cent, we expect this to be stepped up to over 50 per cent by 2020,” Ravichandran Purushothaman, President, Danfoss India, said.
In an interaction recently on the sidelines of the CII Energy Summit 2018, he told BusinessLine, “The 86-year-old global company is looking at unfolding opportunities for what he described as ‘district cooling’ solutions for Greenfield cities like Amaravati and working on other emerging cities.”
The company, which is engaged with Dolera City, the Gift City, is plans to work on a pilot district cooling project for Thane, one of four sites globally for an innovative district cooling concept which brings down energy costs significantly, he said.