Daikin plans new manufacturing unit in India; eyes Rs. 2,500 crore turnover.

Japanese air conditioner maker Daikin is considering setting up a second manufacturing plant in India to double its production capacity.

The company's existing annual production capacity is 10 lakh units of residential air conditioners.

'For expansion, Daikin has a budget of Rs. 330 crore. This does not include land cost of the new factory, whose location we have not yet decided,' Daikin Airconditioning India Managing Director K J Jawa told .

Asked about the size of the new factory, he said: 'We are looking to double our capacity here because Neemrana, Rajasthan plant is almost running at its peak'.

Daikin today launched next generation VRV IV technology (Variable Refrigerant Volume) for commercial air conditioning in the Indian market and is expecting to clock a turnover of Rs. 2,500 in financial year 2014-15.


ET