Daikin Air-conditioning India Pvt Ltd., a 100 percent subsidiary of Daikin Industries Ltd., Japan – the world's leading air-conditioning company signed the land lease deed at Sri City on Friday for manufacturing air-conditioners and components. The initiative is as part of the recently announced Production Linked Incentive Scheme (PLI) by the Government of India for promoting domestic manufacturing in the AC manufacturing sector. Daikin India is the first Japanese AC company to take this pioneering and leadership step to invest in India, with a view to give prominence to – 'Atma Nirbhar' India (self-reliant). It has chosen Sri City in Southern India as one of the hottest next destination to set up its 3rd manufacturing base.
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