Industrial products and solutions provider Ingersoll Rand today said it will invest Rs 100 crore to upgrade its manufacturing facility in Naroda in Gujarat.
This investment will support production of complete range of compressors in reciprocating, rotary and centrifugal ranging from 0.75 to 4500 kW, a release issued here said.
"The strategic investment of Rs 100 crore in the facility reinforces our overall growth strategy in India that is focused on driving innovation, technology and product development and is a reflection of our long standing commitment to the country," Ingersoll Rand Chairman and President Venkatesh Valluri said.
Products and solutions manufactured at the Naroda plant will be distributed across both, domestic as well as global markets, the release said.
Technologies for air treatment, filtration solutions, storage solutions, energy saving control solutions, remote monitoring as well as energy saving modular solutions for compressed air that increases the overall efficiency of an entire manufacturing and operating system will be enhanced at this plant.
In addition to these, the facility will add new product lines with high level of innovation, it said.
"Over the past few years we have been strongly focused on innovation from emerging economies and India has been at the forefront of this initiative.
"As the country moves into a new era of economic realignment that will be focused on manufacturing, we are upgrading the facility by introducing new flexible production techniques, enhanced process efficiency methods and new technologies," he said.
The modernisation will not only increase the safety practices and allow the company to deliver very cost competitive products for India and global markets, but also enhance its customers' energy efficiency, productivity and operational efficiency, Valluri said.
Spread over 14 acres, the facility caters to markets such as industrial efficiency, transportation, food security, logistics, process, pharmaceutical, health care, cement, mining, defence and others.
The planned transformation will provide the manufacturing facility with several benefits, including reduction in energy and resource consumption, the release said.
