Gunnebo plans new R&D center in India

Gunnebo Security Group is making plans to establish a global R&D centre in Halol, Gujarat, India for the development of products for the India market as well as for Gunnebo.

It plans to increase investments in the Halol manufacturing plant by around $4 million. According to the company, this capacity extension will go towards enhancing existing production capacity for traditional physical security products and it will also be extended to the special ATM-line.

“As part of our strategic initiative we plan to set up an R&D center in India to get closer to the market and have growth markets in Asia like India in focus. We also want to make investments in the Indian market since we see a very interesting development and growth for the coming years within our core businesses. It is important for us to grow our presence and capacity to supply products locally,” said Per Borgvall, President and CEO of the Gunnebo Group.

“The investments we plan to make for the coming two years in India are very much in line with Gunnebo’s overall strategy, and that is to move the point of gravity of our business to growth markets. We need to not only invest in production capacity, but also in competence and secure that we have the right competences as close to the main markets as possible. We’d also need to move our business into new business verticals, bringing the best from our global product portfolio into the Indian market,” he added.