Daikin Industries Limited, a leading Japanese multinational, has announced plans to invest ₹1,000 crore to establish a state-of-the-art Research and Development (R&D) centre in Haryana. This strategic move underscores Daikin’s commitment to innovation and technological advancement, aiming to bolster its presence in the Indian market and enhance its global competitiveness.
The Memorandum of Understanding (MoU) for this venture was signed in Osaka, Japan, during a visit by Haryana’s Chief Minister, Nayab Singh Saini, accompanied by a high-level delegation. The R&D centre is expected to focus on developing advanced technologies and sustainable solutions, aligning with Haryana’s vision to become a hub for innovation and industrial excellence.
The establishment of this R&D facility is anticipated to create significant employment opportunities for the local youth, contributing to the state’s economic growth and technological prowess. Moreover, it is expected to foster collaboration between Indian and Japanese industries, strengthening bilateral ties and facilitating knowledge exchange.
This investment is part of a broader initiative by the Haryana government to attract foreign direct investment and promote industrial development in the state. By providing a conducive environment for research and development, Haryana aims to position itself as a global innovation destination, attracting leading companies from various sectors.
Daikin’s decision to set up its R&D centre in Haryana reflects the state’s growing appeal as an investment destination, bolstered by its robust infrastructure, skilled workforce, and investor-friendly policies. The project is poised to have a transformative impact on the local economy, driving technological advancements and creating a sustainable ecosystem for industrial growth.
