Daikin to set up Rs 1,000-crore AC plant in Sri City, Andhra Pradesh

Daikin India has acquired a 75-acre site at Sri City, Andhra Pradesh, for a new air-conditioner manufacturing plant. The first phase investment is Rs 1,000 crore, with operations expected to start in 2023, creating up to 3,000 jobs.

“Daikin wants to make India its manufacturing hub to serve markets such as West Asia, Sri Lanka, South America, and Africa.”business-standard.com

• 1 source
• business-standard.comDaikin to set up Rs 1,000-crore AC manufacturing plant in Andhra Pradesh | Company News - Business StandardArnab DuttaSep 24, 2021

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