Daikin India, part of the Japanese multinational, Daikin, will set up a greenfield manufacturing facility in Andhra Pradesh.
Daikin India has completed the purchase agreement for 75-acre land at Sri City, Andhra Pradesh to set up an air-conditioner manufacturing plant. Diakin is the first company to acquire land for a new factory under production-linked incentive (PLI) scheme for white goods (Air Conditioners and LED Lights).
The manufacturing plant shall be developed in phases. For the first phase Daikin will be investing ₹ 1,000 crore. The facility is expected to start operations in 2023, will have a total capacity of 1.5 million units per year from Phase 1.
Daikin India currently has two manufacturing facilities in Rajasthan and this shall be its third plant in India.