Daikin opens new plant in Sri City
Sri City is like a readily-built home for investors to set up business, and more such hubs are needed in the country, says Nivruti Rai, MD & CEO of Invest India
image for illustrative purpose
Hyderabad: Daikin Air-conditioning India Pvt Ltd, a subsidiary of Japan-based Daikin Industries Ltd, inaugurated its green filed unit in Sri City on Thursday. Masanori Togawa, CEO & President, Daikin Industries and Kanwaljeet Jawa, CMD of Daikin India inaugurated the facility in the presence of Masayuki Taga, Consul-General; Nivruti Rai, MD & CEO of Invest India; and Dr Ravindra Sannareddy, Founder MD of Sri City.
On the occasion, Masanori Togawa said, “Daikin, with 100 production units globally and a customer base in 170 countries, is expanding its manufacturing presence in India. The country’s dynamic market and skilled workforce align with Daikin’s mission, and the new facility will elevate HVAC solutions and contribute to industry growth in India and surrounding regions.”
Kanwaljeet Jawa said, “This new plant enhances our production capabilities and strengthens our position as a leading provider of energy-efficient and sustainable HVAC solutions in the region. The expansion will contribute to Daikin’s continued success in India and foster long-term partnerships. Daikin is also the primary investor in the government’s Production Linked Incentive (PLI) scheme.”
The new plant, which was built in 75.5 acre, offers employment for about 3,000 people. It aligns with Daikin’s aspiration to achieve Net Zero CO2 emissions by 2050. The facility is dedicated to the development of climate-friendly air conditioning solutions for markets in West & East Africa, Sri Lanka, Bhutan, Nepal, Bangladesh, the Middle East, and South America.
Dr Ravindra Sannareddy said, “With the existence of favourable ecosystem for white-goods sector as well and with the presence of several major AC brands, now Sri City is regarded as the ‘cool capital’ of India. Daikin’s focus on skill development aligns with empowering a competent workforce for both the company and the community.”
Nivruti Rai acknowledged her satisfaction that Japan consistently views India as a top investment destination. She also made the prediction that India’s AC business would triple by 2030 and stated her hope for Dakin to hold the largest possible share. She praised Sri City for being one of the top industrial hubs in the country.
She added, “Sri City is like a readily-built home for investors to set up business, and more such hubs are needed in the country.” Masayuki Taga praised the AP and Central government for their support to the Japanese investors. He also lauded Sri City for its world-class infrastructure and emerging as a viable investment destination.
