India is establishing itself as a global center for air conditioner production, thanks largely to government incentives that have spurred expansion by companies including Daikin Industries, a top player in the South Asian country.
New Delhi wants Daikin and its rivals to not only meet India’s needs, but also use the country as an export base. India’s diverse climate makes it an ideal test bed for technologies to meet the needs of emerging Asian and African economies set to drive demand for air conditioning in the coming years.
“We plan to start up our new plant by 2023 and increase our local procurement to almost 100%,” said Yoshihiro Mineno, a senior executive officer at the Japanese company and head of its global operations division. Read More…
