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Investment: Ingersoll Rand committed to Indian market with plans for capacity expansion

Fiinews by Fiinews
November 14, 2022
in Investment
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CEO Reynal meets leaders from top ministries to seek shared-value partnerships

Ingersoll Rand (NYSE:IR), a global leader in mission-critical flow creation and industrial technologies, is committed to investing in its Indian operations to drive increased technological innovations, hydrogen compressor manufacturing and testing as well as manufacturing capacity expansion.

“Our pursuit of sustainability continues to be bold and transparent,” said Chairman and CEO of Ingersoll Rand Vicente Reynal.

“Our products and services provide a unique opportunity and help address many key environmental issues. We are proudly driving toward our 2030 and 2050 environmental goals, all of which are focused on improvements in water, air and land quality,” he said on 14 Nov 2022.

Reynal met with leaders from top ministries in Delhi to seek shared-value partnerships while discussing the economic benefits of investing in sustainability efforts to support India’s transition to net-zero by 2070.

Further bolstering the country’s Make in India Initiative, Ingersoll Rand recently launched energy efficient Heat-of-Compression (HOC) dryers at its world-class manufacturing facility in Naroda, Gujarat.

“Being vocal for local, our new HOC dryers are manufactured at our Naroda facility and bring the latest innovations to help Indian businesses achieve greater efficiencies,” elaborated Amar Kaul, vice president and general manager, MEIA and Global Hydrogen Compression systems.

“We are optimistic that local manufacturing will also help ensure faster delivery and deployment time alongside better cost benefits across the pharma, food & beverage, electronic, and automobile industries.”

Ingersoll Rand is committed to its long-standing partnership in India, providing advanced solutions and game-changing technologies for the future. The company has four manufacturing facilities with more than 1,500 employees in India. fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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