Business Standard

Wednesday, December 25, 2024 | 10:29 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Daikin to go ahead with investment plan for 3rd manufacturing unit in India

The company, which has plans to set up a third manufacturing unit in South India, would make an announcement regarding it very soon after finalising the site

Cool stocks to beat the sizzling heat this summer
Premium

Daikin sees Covid-19 as a short-term disruption and believes in the long-term potential of the Indian market.

Press Trust of India
Not withstanding the Covid-19 disruption, Japanese air conditioner maker Daikin will go ahead with its investment plan for setting up a third manufacturing unit in India, in a bid to augment the local production capacity, a top company official said on Thursday.

Daikin Airconditioning India, a wholly-owned subsidiary of Japan-based Daikin Industries, said the company is ready to take advantage of the Phased Manufacturing Program (PMP), under which the government has announced incentives for manufactures to promote "Make in India".

The company, which has plans to set up a third manufacturing unit in South India, would make an announcement regarding

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in