Rechi India, a joint venture of Daikin Air-conditioning India and Taiwan's Rechi Precision, has started construction of a rotary compressor plant in Sri City, India, on 33.10 acres. Phase I involves an investment of Rs 547 crore, with capacity rising from 2 million to 9 million units in the final phase.
Daikin Air-conditioning India, a subsidiary of Daikin Industries, held a foundation laying ceremony on 7 April 2022 to start construction of its third manufacturing unit in India at Sri City. The factory is part of Daikin's Fusion 2025 growth strategy.
Daikin Air-conditioning India, a subsidiary of Daikin Industries, signed a land deal for a third factory with an investment of INR 1000 crore. The article mainly covers a new split AC range and the investment figure is reported in the headline.