Grundfos to invest Rs 230 cr in India

March 14, 2013 12:43 pm

Grundfos Pumps has announced its plans to expand its production capacity to double by setting up an additional unit. With an initiative of making India as the second home, the company has planned to invest of Rs 230 crore in the next 5 years.
With the turnover of Rs 318 crore in 2012, the company is planning for two full-fledged production units in Chennai with 1,000 jobs in the next 5 years in India. Grundfos India has been growing phenomenally at 30-35 per cent since its inception in 1998