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Daikin India has formed a joint venture with Taiwan's Rechi Precision to manufacture AC compressors in Sri City, Andhra Pradesh. Production is expected to start by late 2024.
Daikin India announced it will invest ₹500 crore over three years to set up its third R&D centre at Neemrana, Rajasthan. The centre will span 24,000 square metres, employ over 250 engineers, and include 22 new testing facilities and labs, starting operations from 2023.
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.
| Site | Largest | Latest |
|---|---|---|
| Neemrana, India | $63.0M | 2022-08-17 |
| Sri City, India | $135.0M | 2021-09-24 |