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

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