Copeland announces Rs 500 crore investment in India
Copeland, a global leader in sustainable climate solutions, announced a Rs 500 crore investment in India to expand its manufacturing facility in Atit, Maharashtra and for the construction of a new global R&D centre in Pune, Maharashtra. The manufacturing, engineering and R&D investments in India will expand existing engineering capabilities, increase production capacity of Copeland's compression solutions and advance the innovation of sustainable heating, cooling, refrigeration and industrial solutions.
Underscoring Copeland's commitment to India, these expanded India facilities will provide for the addition of an advanced scroll compressor line catering to both the domestic and Copeland鈥檚 key international markets in the region. The investments will expand Copeland鈥檚 existing Pune manufacturing facility by an additional 7,350 sq m over the next five years and the addition of a 15,000 sq m R&D centre focused on advancing Copeland's climate solutions for its customers.
"India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the India market and innovation," said Ross B. Shuster, chief executive officer, Copeland. "These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India's energy and environmental goals."
The addition of Copeland's award-winning scroll compressors to the manufacturing line up in India will advance cooling and refrigeration technology deployments for its customers based in the country. The company鈥檚 expanded R&D investments in India will play a major role in helping pave a more sustainable and innovative future, as Copeland supports three global megatrends: energy transition through electrification of heating demand, adoption of low-GWP and natural refrigerants, and in safeguarding perishable food and medical products through an efficient and sustainable cold chain.
"Copeland is committed to serving our customers in India and the region by helping them address the demand for sustainable solutions and world-class quality," said Sandeep Gupta, vice president & managing director, Copeland India. "These investments will establish India as a leading scroll compressor manufacturing and innovation hub. We are investing in India鈥檚 economic and sustainable future by supporting the India Prime Minister鈥檚 vision of 鈥楳ake in India鈥� and its aspiration to be a world-class manufacturing hub.
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