Daikin Industries to invest Rs 1,000 crore in India for global R&D centre
Kolkata: Daikin Industries plans to invest ₹1,000 crore in India for setting up a global research and development (R&D) centre, the first outside its home base of Japan, reflecting the former’s growing role in its global strategy. The centre will focus on software and product development for chillers and air-conditioning systems used in data centres, residential, and commercial applications worldwide, KJ Jawa, board member of Daikin Industries and MD of Daikin Airconditioning India, told ET.
“We want to be another Maruti Suzuki in India in terms of Japanese investment,” he said, referring to the country’s top carmaker Maruti Suzuki. “The parent is extremely bullish about India’s potential.” Daikin plans to hire about 500 engineers for the new centre from leading institutions, leveraging India’s robust technical talent, according to Jawa.
