Daikin India aims 100 bn yen turnover in 2 years on growing sales, exports

Japanese air conditioner maker Daikin's India unit is expecting to touch an annual sales turnover of 100 billion yens (about Rs 6,400 crore) in the next two years on account of its strengthening domestic market position and exports to SAARC region, eastern Africa and Middle East countries.

The company, which has two functional units in Neemrana, Rajasthan, is in the final stages to select for its third manufacturing facility, which would be in the southern India and cater the exports market.

"Daikin India with now managing business across East Africa, Sri Lanka, Bangladesh and Nepal have set a target to achieve 100 billion yens riding on the back of exports and third factory by 2020-21," said Daikin India MD and CEO Kanwaljeet Jawa.

Daikin India is expecting a revenue of around Rs 4,200 crore in 2018-19. It had reported a turnover of around Rs 3,250 crore in 2017-18.

"With India now gaining a reliable manufacturing reputation across the globe, the third Daikin facility will serve the growing local consumption and exports to SAARC countries, East Africa and Middle East," Jawa said.

He further said: "Given our intent in making use of India's cost leadership, the third factory would optimise our cost structure and make us more export oriented and efficient."