Danfoss Industries, Denmark-based mechanical and electronic components manufacturer, is establishing a Research and Development (R&D) and a greenfield manufacturing centre near Chennai.
Both, the manufacturing, and the Research and Development centre, will come up at Oragadam, an industrial area located on the outskirts of Chennai.
The facility near Chennai is spread across 50 acre of land and will be fully ready by end 2014.
The R&D centre will be complete with three labs and high-end equipment for testing. The company has committed to invest Rs 500 crore in India, by the year 2015.