The company today unveiled new products to expand its offerings here.
"The government is spending on infrastructure and we are definitely seeing our pipeline on that side going up as new metro, hospitals, airports are coming up, while on the private side, commercial real estate is coming back," he added.
Bhatia also expects high-end residential projects as well as the Smart City scheme to give a further fillip to demand.
"In the large chillers category, which is used in big buildings and airports, there we are investing more in our factory in India and localising more and more. We are investing here ahead of the curve," Bhatia said.
According to Bhatia, the overall Indian air-conditioner market is estimated to be around Rs 20,000 crore, of which the residential segment accounts for 80 per cent share.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)