Sri City, 27 November, 2023: Strengthening its growth journey, Daikin Air-conditioning India Pvt. Ltd., a wholly owned subsidiary of the Daikin Industries Ltd., Japan, today announced the commercialization of its integrated air-conditioning & compressor manufacturing facility at Sri City, Andhra Pradesh. Mr. Masanori Togawa, President &CEO, Daikin Industries Limited, Japan, Mr. YasushiYamada, Senior Executive Officer, DIL, Japan, MS. Nivruti Rai, Managing Director & CEO, Invest India & Mr. SujanChinoy, Director General MP– IDSA & Former Indian Ambassador to Japan inaugurated the facility in the presence of Mr. Kanwaljeet Jawa, Chairman & Managing Director of Daikin India. This strategic move underscores Daikin’s unwavering commitment to pioneering technology, sustainable practices, and fostering regional growth.
The new plant spread across 75.5 acres reaffirms Daikin’s commitment to excellence and innovation andis strategically positioned to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, both domestically and internationally.
Daikin notably is the principal investor in the Production Linked Incentive (PLI) program in the air-conditioning category, which has been implemented by the government to encourage domestic production of air conditioners.
Mr. K J Jawa, Chairman & Managing Director of Daikin India, commented, “The commercialization of our new manufacturing plant in Sri City is a momentous occasion for Daikin. This facility will not only enhance our production capabilities but will also strengthen our position as a leading provider of energy-efficient and sustainable HVAC solutions in the region. With this factory, Daikin’s production capacity receives a substantial boost, further solidifying our commitment to growth in India. This expansion marks a pivotal moment in our journey, poised to make a significant contribution to Daikin’s continued success in the country and fostering long-term partnerships that drive mutual success. In addition, Daikin holds the distinction of being the primary investor in the government’s Production Linked Incentive (PLI) scheme, actively championing the drive for domestic manufacturing of air conditioners.”
Commenting on the occasion, Mr. Masanori Togawa, President & CEO, Daikin Industries said “We have about 100 production units globally and a customer base in over 170 countries but India holds a special significance. As we expand our manufacturing footprint in India, we reemphasize the importance of India in Daikin’sglobal vision. The country’s dynamic market and skilled workforce align perfectly with our mission, and we are confident that the new facility will not only elevate the standard of HVAC solutions but also contribute significantly to the growth of the industry in India and the surrounding regions.”
The new plant is equipped with the latest technology and adheres to Daikin’s high standards for quality and sustainability. The facility is designed to streamline production processes, ensuring the timely delivery of Daikin’s renowned products to customers across India and beyond. The company laid the foundation stone at the site in April 2022 and has completed the construction and installations at a rapid pace& before time. Emphasizing the company’s commitment to sustainability and environmental responsibility, this state-of-the-art factory aligns with Daikin’s aspiration to achieve Net Zero greenhouse gas emissions by 2050. The facility is dedicated to the development of climate-friendly air conditioning solutions for markets in West Africa, Sri Lanka, Bhutan, Nepal, Bangladesh, the Middle East, South America, and East Africa.