Daikin Air-conditioning India has laid the foundation stone for its 3rd manufacturing facility at Sri City, Andhra Pradesh.
The new facility coming up with an investment of ₹1,000 crore, is expected to be ready for commercial production next year and would make Daikin India the largest manufacturer of air-conditioners (ACs) in the country serving the growing domestic and international demand.
In line with Daikin’s aspiration to achieve net zero CO2 emissions by 2050, the company will develop climate-friendly ACs to serve export markets such as West Africa, Sri Lanka, Bhutan, Nepal, Bangladesh, the Middle East, South America and East Africa.
“This investment is an essential part of the long-term growth strategy of ‘Fusion 2025’, aiming at expanding and balance our global manufacturing footprint to best serve customers worldwide. Our long-term strategy is to operate with an agile set-up to swiftly react and adapt to dynamic market requirements by enhancing capacities and R&D capabilities. All this makes Sri City factory strategically very important for us,” KJ Jawa, Chairman & MD, Daikin India said.