Daikin Announces ₹1,000 Crore Investment in Haryana's Manesar for R&D Center
Daikin to invest ₹1,000 crore in Haryana
Hindustan Times
Image: Hindustan Times
Japanese multinational Daikin plans to invest ₹1,000 crore in Manesar, Haryana, to establish a state-of-the-art research and development center. This investment is expected to create over 500 jobs and reflects growing confidence among Japanese companies in the region's business environment.
- 01Daikin's investment totals ₹1,000 crore.
- 02The new R&D center will be the largest of its kind in India.
- 03Over 500 jobs will be created for local youth.
- 04This investment follows a memorandum of understanding signed in Japan.
- 05Haryana aims to improve the ease of doing business to attract more foreign investment.
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Daikin, a leading Japanese air conditioning manufacturer, will invest ₹1,000 crore in Manesar, Haryana, to set up a cutting-edge research and development (R&D) center. This facility will be the largest of its kind in India, aiming to foster technological innovation and solidify Haryana's position as an industrial hub. Chief Minister Nayab Saini announced that the investment would generate over 500 new jobs for local youth, highlighting a significant boost in Japanese companies' confidence in investing in the state. This initiative is a direct result of a memorandum of understanding (MoU) signed during Saini's visit to Japan in October. The Haryana government is committed to enhancing the ease of doing business, implementing a single-window system to streamline processes for industrial investors, thereby attracting more foreign investments.
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The establishment of Daikin's R&D center will provide job opportunities for local youth and enhance the industrial landscape of Haryana, potentially attracting more foreign investments.
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