Daikin invests ₹1,400 crore in Indian subsidiary for expansion

Daikin Industries invested ₹1,400 crore into its Indian subsidiary Daikin Airconditioning India to fund the phase-two expansion of its Sri City plant in Andhra Pradesh, aiming to increase localisation of AC components to 90%.

“The fresh infusion of funds aims at funding our manufacturing expansion, as we are the largest participant for the production-linked incentive (PLI) scheme in AC in India.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comJapan's Daikin invests ₹1.400 crore in India unit to boost output - The Economic TimesWritankar MukherjeeSep 19, 2024

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