Daikin India to build third plant in booming aircon market

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NNA Business News

By Atul Ranjan NEW DELHI, NNA – Daikin Airconditioning India Pvt. Ltd. plans to set up its third factory in India as part of its growth strategy to make the country its manufacturing hub catering to both domestic and foreign markets. The local subsidiary of Japan’s Daikin Industries Ltd., a leading aircon producer, will also ramp up its existing research and development (R&D) facility. The new plant will be built in Sri City, an integrated business city situated near the southern city of Chennai. Construction is expected to begin by the end of 2022. “We have already bought the land, and the de…

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