Indian Economy News

Daikin India sets up third R&D centre with Rs. 500 crore (US$ 62.9 million) investment

  • IBEF
  • August 18, 2022

Daikin, a Japanese electronics giant, has invested Rs. 500 crore (US$ 62.9 million) to build its third R&D facility in India. Beginning in 2023, the facility in Neemrama, Rajasthan, will be operational.

The centre, which covers 24,000 square metres, will have over 250 engineers working on customized items for the Indian market. 22 testing facilities and labs will be a part of the new centre, which will also improve Daikin's manufacturing capabilities and enable it to meet international export demand.

“We at Daikin strongly believe in constant innovation and this R&D centre will help us to put channelized effort in conceptualization of products that are technologically advanced and sustainable”, said Mr. Srinivas Reddy, Vice president, R&D, Daikin India.

Consumer demand is growing for upgraded goods with greater energy efficiency and eco-friendly refrigerants. According to the company, it collaborates with a variety of consultants who are experts in specialised domains including electronics and HVAC design on a global scale.

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