Swedish group Atlas Copco reiterates support for Make in India initiative

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Swedish group Atlas Copco reiterates support for Make in India initiative

Swedish group Atlas Copco reiterates support for Make in India initiative

Industry News
Sep 14,18

President and CEO Mats Rahmstrom had met Prime Minister Narendra Modi early this year in Stockholm to discuss the companyÃ¢â‚¬â„¢s plans in India

Swedish group Atlas Copco reiterates support for Make in India initiative

Pune, September 14, 2018

Atlas Copco, the Swedish company that has been making products in India for close to 60 years, has reiterated its commitment for the government’s Make in India initiative. On September 12, 2018, the Executive Committee of Atlas Copco (ECM) met in Pune (Maharashtra) as part of its global visit. “The meetings in India reiterate the collaborative steps taken by the company in sync with the government’s ‘Make in India’ initiative. India is an important market for the company, and the company has consistently grown and invested in India,” said the company press release.

Earlier this year, President and CEO Mats Rahmstrom met Prime Minister Narendra Modi and Maharashtra Chief Minister Devendra Fadnavis in Stockholm, to discuss the company’s plans in India.

Atlas Copco, a leading provider of sustainable productivity solutions, serves customers in India and global markets through its innovative compressors, vacuum solutions, generators, pumps, power tools and assembly systems.

In 2013, the company announced an investment of Rs 100 crore on manufacturing of industrial and portable compressors at Chakan the state-of-the-art green factory, which is IGBC (Indian Green Building Gold Council) Good certified, in accordance with LEED (Leadership in Environmental Energy and Design) best practices.

Atlas Copco Product Company Chakan is a leader in lean manufacturing, providing continuous improvements, like the installation of solar cells on its rooftop early this year. The plant is now almost autonomous in electricity, powered at 80 per cent with renewable energy. The factory environmental footprint will now save 600 tonnes of carbon dioxide emissions annually.

More on the innovation front, Atlas Copco recently launched Smart Connected Assembly solutions in India to drive its Industry 4.0 vision. The company manufactures a range of industrial products that are built on state-of-the-art technology. These products offer a complete solution for flexible productivity, highest quality and safety standards, and efficiency.

In 2002, Atlas Copco established an R&D centre - Global Engineering Center India Airpower (GECIA) - in Pune, which today employs over 650 highly-trained engineers with a broad range of capabilities in software tools, competency training and extensive product knowledge.