The company also plans to increase investments in the Halol manufacturing plant by around 3 million Euros.  According to the company this capacity extension will go towards enhancing existing production capacity for traditional physical security products and it will also be extended to the special ATM-line. It is hoped that launching this new R&D centre will allow the company to take advantage of the widening opportunities offered by India’s engineering talent as well as substantially reducing speed to market for the company's forthcoming innovations.

Per Borgvall, President and CEO of the Gunnebo Group commented “As part of our strategic initiative we plan to set up an R&D centre in India to get closer to the market and have growth markets in Asia like India in focus. We also want to make investments in the Indian market since we see a very interesting development and growth for the coming years within our core businesses. It is important for us to grow our presence and capacity to supply products locally".

“The investments we plan to make for the coming two years in India are very much in line with Gunnebo’s overall strategy, and that is to move the point of gravity of our business to growth markets. We need to not only invest in production capacity, but also in competence and secure that we have the right competences as close to the main markets as possible. We would also need to make investments secure so that we can match the increased demands from our customers. We would also need to move our business into new business verticals, bringing the best from our global product portfolio into the Indian market", he further added.

These latest investments by the company are aimed at enhancing Gunnebo’s manufacturing capacity by a further 30% CAGR over the next three years demonstrating Gunnebo’s on going commitment to the market in India.