Daikin to Invest ₹1,000 Crore in Haryana for R&D Center
Daikin to invest Rs 1,000 crore in Haryana, says CM Nayab Saini
News 18
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Daikin, a Japanese air-conditioner manufacturer, plans to invest approximately ₹1,000 crore (roughly $120 million USD) to establish a Research and Development center in Manesar, Haryana, India. This investment is expected to create over 500 jobs and enhance Haryana's industrial landscape.
- 01Daikin's investment of ₹1,000 crore will establish the largest R&D center in India.
- 02The project is expected to generate over 500 employment opportunities in Haryana.
- 03The investment reflects the positive impact of Haryana's industry-friendly policies.
- 04The state government aims to promote 'Ease of Doing Business' for investors.
- 05Haryana is positioning itself as a preferred destination for foreign investments.
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Haryana Chief Minister Nayab Singh Saini announced that Daikin, a leading Japanese air-conditioner manufacturer, will invest around ₹1,000 crore (approximately $120 million USD) to establish a Research and Development (R&D) center in Manesar, Haryana, India. This facility will be the largest of its kind in the country and is expected to create over 500 jobs for local youth. Saini highlighted that this investment is a testament to the effectiveness of the state government’s industry-friendly policies, which have fostered a conducive environment for foreign investments. The Chief Minister emphasized the government's commitment to enhancing the 'Ease of Doing Business' by implementing a single-window system for industrial investors, streamlining processes, and reducing costs. This initiative is part of Haryana's broader strategy to attract more foreign companies and create employment opportunities, further establishing the state as an industrial hub.
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The establishment of the R&D center will provide significant employment opportunities for local youth and attract further investments to Haryana.
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