The company, a wholly-owned arm of Japan s Daikin Industries Ltd said its third integrated air-conditioning and compressor manufacturing facility at Sri City, Andhra Pradesh, has been set up with an investment of Rs 1,000 crore. The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India s manufacturing potential to produce for the world.
Daikin s 75-acre factory, situated in Sri City, Andhra Pradesh, is positioned to cater to the increasing demand for air conditioning products manufactured in India, both domestically and internationally, the company said in a media release.