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Daikin invests Rs 14 billion in Indian unit to boost production
Daikin plans to use the funds to expand its manufacturing capacity and increase component production, particularly compressors, with the goal of raising localisation from 75% to nearly 90%.Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
Daikin to expand compressor manufacturing to two million units in India
Daikin is also exporting to markets such as South Africa, the Middle East and South America helped by its new 75-acre Sri City manufacturing unit.Read more
ACREX India 2024: Exploring future horizons in HVAC Innovation
Organised by ISHRAE and Informa Markets in India, the premier exhibition takes place from February 15 to 17 at IEML, Greater Noida, Delhi-NCR.Read more
DPIIT introduces stricter guidelines for PLI Scheme in white goods sector
Under these updated regulations, selected companies must now provide a certificate from a registered cost accountant, confirming related party sales and determining the arm's length price, in order to avail the scheme's benefits.Read more
Daikin to build Rs 500-cr R&D centre in India
Daikin India – the local arm of Japanese electronics company Daikin - has invested Rs 500 crore to build its third research and development (R&D) centre in India. The facility, located in Neemrama, Rajasthan, will be operational from 2023. Read more
