Daikin to invest 600cr in India

Osaka: In a major push to government's make in India initiative, Japanese air conditioner maker - Daikin - plans to invest around Rs 600 crore to establish a research and development (R&D) centre and a manufacturing plant at Neemrana in Rajasthan.

While around Rs 100 crore will be spent on the R&D centre, which is slated to be established by July this year, around Rs 500 crore will be used to fund expansion plans over the next one and half years. So far, Daikin has already pumped in around Rs 1100 crore in India.

Kanwaljeet Jawa, Daikin India MD, told TOI that while Daikin's Technology and Innovation Centre (TIC) at Osaka, Japan will continue to be the main R&D hub, its centre in India will support and develop products catering to India and neighbouring countries.

"India consists of various weather patterns across the length of the country, so the air-conditioning is different for different geographies. To enable customization and capture local data, this R&D centre is being proposed, which will also develop and map products for other SAARC countries," Jawa added.

Claiming to be different from other air conditioner manufacturers in the world, Jawa asserted that Daikin products and services are designed to offer unparalleled comfort, unmatched performance, superior technology and are environment friendly. "We are the only company in the world that is making refrigerant, compressors and air-conditioners for the past 90 years," Jawa added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.