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Ingersoll Rand to invest $100 m in India over 3 years
Date: 15-09-2009The $13-billion Ingersoll Rand plc has earmarked about $100 million investment in its Indian operations during the next three years and expects to source products and services of an equal amount. It aspires to double the size of the company in three years. The diversified industrial group wants to more than double its sales to about $500 million in three years in
Ingersoll Rand has spent the last 100 years building roads and infrastructure and for the next 100 years wants to focus on making products concerning safety, comfort and efficiency. The company has developed solutions that provide efficiencies at all levels, apart from huge savings.
The company’s security solutions for both individual homes as well as business establishments could lead to huge savings in electrical costs as well as ensure better security. The current size of the security solutions market in