On selecting Sri City in Andhra Pradesh for its new integrated air-conditioning and compressor manufacturing facility
The location in Sri City strategically positions the new plant to cater to the increasing demand for state-ofthe-art air conditioning products in both domestic and international markets. Sri City’s selection aligns with Daikin’s role as the principal investor in the government’s Production Linked Incentive (PLI) programme, reflecting the company’s commitment to encourage domestic production of air conditioners in line with government initiatives.
On PLI scheme in the AC category and its impact on domestic production of ACs
This story is from the February 10, 2024 edition of BW Businessworld.
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This story is from the February 10, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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