INDIA: Daikin is to invest 500 crore ($63m) in setting up its third R&D centre in India.
The facility will be located next to the company’s air conditioning manufacturing facility in Neemrama, Rajasthan, and will be operational from 2023.
Spread over 24,000m2, the centre will employ over 250 engineers dedicated to research and development of tailor-made products for the Indian market. It will incorporate 22 testing facilities and labs that will also bolster Daikin’s manufacturing capabilities to help it meet export demand from overseas market.
This will be Daikin’s third development centre in India, supplementing established centres in Hyderabad and Neemrana.