Linde, a global industrial gases company, is eyeing substantial growth opportunities in India, both in traditional segments and emerging sectors. The UK-headquartered company has announced plans to invest a staggering $1 billion to expand its operations in India over the next three to five years. Additionally, Linde aims to invest $50 billion globally in the next decade. In an exclusive interview with Kalpana Pathak, Linde CEO Sanjiv Lamba shared insights into the company’s ambitious expansion plans and its optimism about the Indian market.
Lamba emphasized that Linde sees immense potential in India and is committed to capitalizing on the country’s evolving industrial landscape. With the Indian government’s focus on promoting manufacturing, infrastructure development, and clean energy, Linde aims to play a significant role in supporting these initiatives through its diverse range of industrial gases and related services.
The planned $1 billion investment in India over the next three to five years demonstrates Linde’s confidence in the country’s growth trajectory. The funds will be utilized to expand the company’s manufacturing capacities, enhance research and development capabilities, and strengthen its supply chain infrastructure. The investment will also enable Linde to meet the growing demand for industrial gases across various sectors, including manufacturing, healthcare, and clean energy.
Lamba highlighted that Linde is particularly excited about the potential of new segments in India. As the country undergoes rapid digitalization and embraces technologies such as artificial intelligence, robotics, and electric mobility, the demand for advanced industrial gases and associated solutions is expected to soar. Linde aims to leverage its global expertise and technological prowess to support these emerging sectors and drive innovation in the Indian market.
In addition to its investment plans in India, Linde has set an ambitious target of investing $50 billion globally over the next ten years. This reflects the company’s commitment to expanding its operations and contributing to the growth of various economies worldwide. The investment will be directed towards developing sustainable solutions, exploring new applications for industrial gases, and supporting the global transition towards a low-carbon future.
Linde’s CEO expressed optimism about the prospects of the industrial gases industry, given its critical role in numerous sectors. Industrial gases are essential for a wide range of applications, including steelmaking, chemical production, healthcare, and food processing. As economies recover from the pandemic-induced slowdown, the demand for industrial gases is expected to rebound strongly, driven by increased manufacturing activities and infrastructure development.
Lamba also highlighted the importance of sustainability in Linde’s investment strategy. The company is committed to supporting India’s clean energy goals and aims to contribute to the country’s transition towards a greener and more sustainable future. Linde offers a comprehensive portfolio of clean energy solutions, including hydrogen, biogas, and carbon capture technologies, which can help address the environmental challenges and support India’s efforts in combating climate change.
Furthermore, Linde is focused on fostering innovation and collaboration to drive industry-wide transformation. The company actively engages with startups, academia, and research institutions to explore new technologies and business models. By partnering with local stakeholders and fostering a culture of innovation, Linde aims to accelerate the development and adoption of cutting-edge solutions in the Indian market.
In conclusion, Linde’s ambitious investment plans reflect its confidence in the growth potential of the Indian market. With a commitment of $1 billion over the next three to five years, Linde aims to expand its operations, support emerging sectors, and meet the growing demand for industrial gases. The company’s focus on sustainability, innovation, and collaboration positions it as a key player in driving India’s industrial and clean energy transformation. As Linde continues to invest and develop advanced solutions, it is well-positioned to contribute to India’s economic development and its journey towards a sustainable and prosperous future.
