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Carrier plans $50 mn R&D centre

MADE IN INDIA

BS Reporter  |  New Delhi 

Carrier, the global air conditioning company, hopes to increase its business in India by two-and-a-half fold to $500 million (Rs 4,000 crore) at an investment of Rs 200 crore in three years.
The investment will mainly be used to build a new global research and development (R&D) centre, develop industry-leading products and technology for local markets and enhance Carrier's manufacturing operations.
The R&D centre is expected to come up in 2009 and will be the company's third R&D centre in Asia. It will bring Carrier's international technology to India and facilitate the local development of new products.
The centre will also include a state-of-the-art facility to educate and train Carrier India's customers on its products. The company will also expand its workforce and expects to add 100 new high-skilled positions.
A major part of the investment will be earmarked for expansion of its manufacturing capacity in Gurgaon three-fold to 600,000 units a year. The company will also introduce high-end air-conditioning, transport and stationary refrigeration products to the Indian market.
"Our investment marks a new milestone in our growth story in the country and further strengthen our leadership position here," said Geraud Darnis, president, Carrier.
The investment will also enable Carrier to expand its manufacturing operations, to produce new products in India and add capacity for future growth. The company has already introduced 50 new products in the Indian market over the last year.
With a customer service network of more than 500 sales and service dealers across India and some 800 retail outlets, Carrier India also has plans to tie up with major retail outlets to provide commercial refrigeration and air-conditioning options.
The company also plans to use the Gurgaon manufacturing facility for exports in near future. "Once we have established our selves as the leader across categories we offer, our shall be focus on exports," said Zubin Irani, managing director, Carrier India, the domestic subsidiary of Carrier.
According to the company, India will become the fourth largest market for Carrier after the US, China and Japan by 2010.
Since 2004, the Indian air- conditioning and refrigeration market has grown 25 per cent annually and is expected to become one of the largest markets in the world by 2012. Carrier also plans to introduce higher energy efficiency in all its products across residential and commercial categories.
"We have championed energy efficiency and environmental sustainability around the world and our new R&D centre in India will further Carrier's efforts to develop energy-efficient products that use non-ozone depleting refrigerants," Irani added.

First Published: Fri, November 30 2007. 00:00 IST
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