According to reports from The Times of India, Daikin announced fresh investments of ₹2,800 crore in India on Thursday. The investment plan represents a significant commitment to expanding the company's manufacturing capabilities in the Indian market.
As reported by The Times of India, approximately ₹1,300 crore of the total investment will be allocated towards research and development activities. This funding will specifically focus on developing chillers and high capacity air conditioners that can be utilized in data centres. The R&D investment demonstrates Daikin's commitment to innovation in the air conditioning sector.
According to The Times of India, the investment announcement comes as Daikin looks to expand beyond its current assembly operations in India. The company is considering manufacturing compressors locally, moving beyond its current assembling activities. This strategic shift represents a significant step in Daikin's Indian operations expansion.
As reported by The Times of India, the investment announcement follows discussions with Piyush Goyal, who suggested to Daikin to go beyond assembling compressors to also manufacture them in India. This government support appears to be driving the company's decision to increase its local manufacturing capabilities.
