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Market: Copeland starts on Rs.500cr investment

Fiinews by Fiinews
March 23, 2025
in Markets
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Forsythe underlines market commitment

Copeland, a global provider of sustainable climate solutions from St Louis, Missouri, says the new state-of-the-art Engineering and Technology Centre in Pune is part of its broader Rs.500 crore India investment plan.

Leveraging India’s STEM talent pool and aligned with India’s ambition to become a global innovation hub, the Copeland Engineering and Technology Centre will strengthen the company’s innovation ecosystem with state-of-the-art engineering labs spanning 9 countries in order to advance its engineering, research and development (R&D) efforts locally and globally.

The new facility spans over 15,000 square meters and is the hub for over 320 engineers specializing in engineering, research and development, as well as software and firmware development. Copeland’s Pune Engineering and Technology Centre will help Copeland accelerate in-country innovation and product development, allowing the team in India to leverage their proximity to the company’s customer base and anticipate and respond to evolving market requirements to develop future-forward sustainable solutions https://www.makeinindia.com/home/.

“Copeland’s presence in India spans over three decades. Our current investment plan, including this investment in our new state-of-the-art Pune Engineering and Technology Centre, as well as the in-progress expansion of our manufacturing operations in Atit (India), underscore our commitment to the India market,” said Copeland’s Chief Executive Officer Ross B. Shuster.

“With more than 15% of our global engineering team located in India, the local team plays a vital role in developing sustainability-focused technologies and products for both local and global customers. As global demand for sustainable solutions continues to rise, this new Engineering and Technology Centre will focus on advancing energy-efficient and low-GWP and natural refrigerant technologies for global deployments across the HVAC and Refrigeration industry,” Shuster said on 19 Mar https://www.bseindia.com/.

“Innovation is in Copeland’s DNA, and our new Pune Technology and Engineering Centre further enables our efforts to solving some of the world’s most complex climate challenges,” said Copeland’s Chief Technology Officer Patrick Forsythe https://www.nseindia.com/.

“We have a longstanding track record as an industry steward and continue our commitment to support regulatory compliance and global sustainability objectives. This investment will enhance Copeland’s focus on innovation to help customers meet their net-zero goals and drive impactful change.”

Copeland’s commitment to India will help address the growing demand for sustainable cooling technologies in rapidly expanding sectors including data centres and the broader HVAC market. With data centre growth projected to grow in excess of 8% CAGR through 2026 and cooling systems accounting for up to 50% of their energy use, Copeland is innovating energy-efficient solutions tailored to meet these needs https://www.bengalurutechsummit.com/.

Beyond data centres, the HVAC market, expected to reach US$30 billion by 2030, offers immense opportunities driven by urbanization, green initiatives and aftermarket services. The Pune facility enhances Copeland’s ability to deliver innovative, sustainable cooling technologies and seamlessly integrate with the company’s global R&D efforts to meet the worlds growing energy efficiency needs https://sbi.com.in/.

The Copeland Engineering and Technology Centre will also support India’s demand for innovative and sustainable heating, cooling, cold chain and industrial solutions that will enable sustainability. Globally, Copeland’s engineering, research and development talent is focused on technology and new product development in the areas of compression, sound and vibration, electronics, power electronics, software and controls. Enabling decarbonization and advancing energy management systems, Copeland’s focus on providing cutting edge solutions is helping support businesses and countries in their efforts to reduce demand on electrical grids and enable the use of renewable energy sources.

Copeland employs over 18,000 experts with feet on the ground in more than 40 countries – a global presence that makes it possible to serve customers wherever they are in the world and meet challenges with scale and speed. The company’s industry-leading brands and diversified portfolio deliver innovation and technology proven in over 200 million installations worldwide. 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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