Grundfos bets on full production, localisation for India growth

The Hindu Business Line | Dec 13, 2019 at 4:13 PM
  • Denmark-based world’s leading pump maker Grundfos is charting a new growth trajectory in India with more investments, shift from assembly into full-fledged manufacturing of products and entry into new business segments.
  • The average localisation is little less than 30 per cent.
  • The company aims to increase local content to 80 per cent in its existing products going forward through partnerships with local manufacturers.