Daikin India, a maker of air conditioning equipment, announced on Wednesday that it will invest Rs500 crore over the next three years to establish its third R&D centre in the nation in Neemrama in Rajasthan.
According to a statement from the corporation, the center would cover 24,000 square meters and employ more than 250 engineers who will work on the research and development of products specifically for India.
In addition, 22 new testing facilities and labs will be housed in the facility, which will improve the company's production competitiveness for goods sold in export markets, it was said.
The company claimed the new R&D centre will begin operations in 2023.
The other two R&D facilities for Diakin India are in Hyderabad and Neemrana. Next to the company's Neemrana production facility will be the third one.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
