Bhubaneshwar: 12 April 2024 ( pratyushanews ) : Daikin Air conditioning India Pvt. Ltd. (DAIPL), the fully owned subsidiary of Daikin Industries Ltd., Japan & the market leader in the air-conditioning market in India today launched a host of new air-conditioning products for the Orissa market amidst major fanfare & excitement. Daikin observes’s Orissa as a potential market, so we will continue to invest in developing the market with a view to dominate the room AC market. Today, the Daikin products bring with them with strong technology from Daikin Global that offers lower cost of ownership and topped with unmatched quality and durability. The new office offers an additional advantage of integrated approach with a view to offer our stakeholders an experience to physically meet & co-work with Daikin employees. On this occasion, Mr. Kuldeepak Virmani, Senior Vice President & Executive Director, Daikin Indiasaid, “With India demonstrating a robust upward growth &business trajectory, we have plans to get aggressive in our approach across Orissa and the new productsremain a key step towards strengthening Daikin’s endeavour to capture significant market share. We are committed to provide unmatched consumer experience with network of highly trained sales, service and maintenance through our strong dealer network & employees.” The East market has grown over 50% in the last year, and Daikin India predicts it to be a INR 2000 crores by 2025, prompting us to launch a host of new products & increase our dealer network extensively. With robust infrastructure & housing development, we are witnessing a high demand for smart & energy efficient air-conditioning solutions. We are planning to invest in heavy marketing & promotions across Orissa to secure 20% market share end of FY 24-25. Daikin Global net sales: 29+ Billion USD INR 2800 Crore investments in India 3 factories across – Neemrana & Sri City Skill Development Initiative – Daikin Japanese Institute of Manufacturing Excellence Daikin India recently operationalised its new facility at Sri City, Andhra Pradesh, spread across 75.5 acres to reaffirm its commitment for excellence and innovation; strategically positioned to cater to the increasing demand for state-of- the-art air conditioning products manufactured in India, for domestic and international consumption. Daikin notably is the principal investor in the Production Linked Incentive (PLI) program in the air-conditioning category, implemented by the government to encourage domestic production of air conditioners. Mr. Kuldeepak Virmani commented, “The commercialisation of our new manufacturing plant in Sri City is a momentous occasion for Daikin. This facility will not only enhance our production capabilities but will also strengthen our position as a leading provider of energy-efficient and sustainable HVAC solutions in the region. With this factory, Daikin’s production capacity receives a substantial boost, further solidifying our commitment to growth in India. This expansion marks a pivotal moment in our journey, poised to make a significant contribution to Daikin’s continued success in the country and fostering long-term partnerships that drive mutual success.” The new plant is equipped with the latest technology and adheres to Daikin’s high standards for quality and sustainability. The facility is designed to streamline production processes, ensuring the timely delivery of Daikin’s renowned products to customers across India and beyond. Emphasizing the company’s commitment to sustainability and environmental responsibility, this state-of-the-art factory aligns with Daikin’s aspiration to achieve Net Zero greenhouse gas emissions by 2050.
