Tag: Danfoss India

Post Budget Quote from Danfoss India

By Mr. Ravichandran Purushothaman, President, Danfoss India We commend the government’s continued visionary approach towards green and sustainable economic growth as outlined in the interim Budget.  The measures introduced for developing green energy capacity in the country – viability gap funding for offshore wind energy, boost for electrification and promotion of compressed biogas – demonstrate the nation’s focus towards building a cleaner energy ecosystem. These initiatives will also stimulate innovation and growth within the renewable energy sector. The budget’s focus on agriculture and food processing, along with investments in efficient…

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Budget Reaction

Budget Reaction by Danfoss

By Ravichandran Purushothaman, President of Danfoss India “We welcome the progressive and growth-oriented budget presented by the Finance Minister Nirmala Sitharaman for 2022-23. As part of India’s new blueprint of infra growth for the ‘Amrit Kaal’, the increased capital expenditure, 35.40 percent above last year, will create more infrastructure, which will have a huge multiplier effect on the economy. With economic growth pegged at 9.2%, ahead of other large economies, and a sharp focus on sustainability and circular economy, India is well poised to withstand the challenges and reach closer…

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