Ingersoll Rand, a vendor in creating and sustaining safe, comfortable and efficient environments, announced plans to establish a third manufacturing facility in India. The company presently has two local manufacturing operations in Naroda, Ahmedabad and Sahibabad near Delhi. The new greenfield manufacturing plant will be located in Southern India.
India is a key market for Ingersoll Rand. Earlier this year, the company invested US$100 million in India over the next three years. Local manufacturing, innovation and market-centric product development are the key focus areas for Ingersoll Rand in India. The new manufacturing facility is part of the company's overall growth strategy to drive innovation, technology and product development in areas such as food preservation, energy efficiency, climate control and security technologies.
"India is a strategic market for Ingersoll Rand and is emerging as a hub for innovation and product localization for emerging economies. With the new manufacturing facility, Ingersoll Rand India will be better positioned to achieve our growth goals for emerging markets and better able to serve our customers with localized products and services," said Michael Lamach, Chairman, President and CEO of Ingersoll Rand
"The new manufacturing plant will help Ingersoll Rand India achieve speed-to-market with innovative new products specifically for emerging economies at relevant price points." said Venkatesh Valluri, Chairman and President, Ingersoll Rand India.