Danfoss India plans to invest Rs 500 crore over the next three years to expand its manufacturing and R&D facilities which will generate over 2,000 jobs. India will be the Danish-headquartered company?s manufacturing hub for the Asia-Pacific and its largest global R&D centre. The investments will be in place by 2015, when the company will set up a 50-acre factory in Oragadam, an industrial suburb to the west of Chennai. It will employ over 2,000 workers including 1,000 in R&D and an equal number in administration and manufacturing. The company now employs over 300 people. The new factory is an export-oriented unit with a capacity to manufacture two million pieces a year.