Daikin to set up ₹1,000-crore plant in Andhra Pradesh: Make in India
"Daikin has a very clear strategic intent to enhance its air conditioning, air filtrations, and refrigeration portfolio, for which India has been identified as a developmental hub," said Daikin India's Managing Director.
Daikin to Invest 1000 crore rupees in Andhra Pradesh India
Japanese multinational air conditioning manufacturer, Daikin will invest about ₹1,000 crore in seting up a plant in India. Thus, it becomes the first company to acquire land for a new unit under the recently-introduced production-linked incentive (PLI) scheme for white goods.
Daikin India completed the purchase agreement for a 75-acre land at Andhra Pradesh's Sri City. The company plans to set up a huge air-conditioner (AC) manufacturing plant in phases. The first investment instalment is expected to be o...