Daikin Centre of Excellence (CoE) at Bhubaneshwar, Odisha

New Factory at Sri City fully operational

Targets 50% growth; 200 Crore Revenue from Orissa

First Centre of Excellence (CoE) in Odisha – Bhubaneswar Institute of Industrial Technology, Bhubaneswar

Bhubaneshwar : Daikin Air conditioning India Pvt. Ltd. (DAIPL), the fully owned subsidiary of Daikin Industries Ltd., Japan & the market leader in the air-conditioning market in India today launched a host of new air-conditioning products for the Orissa market amidst major fanfare & excitement. Daikin observes’s Orissa as a potential market, so we will continue to invest in developing the market with a view to dominate the room AC market.

Today, the Daikin products bring with them with strong technology from Daikin Global that offers lower cost of ownership and topped with unmatched quality and durability. The new office offers an additional advantage of integrated approach with a view to offer our stakeholders an experience to physically meet & co-work with Daikin employees.

On this occasion, Mr. Kuldeepak Virmani, Senior Vice President & Executive Director, Daikin Indiasaid, “With India demonstrating a robust upward growth & business trajectory, we have plans to get aggressive in our approach across Orissa and the new productsremain a key step towards strengthening Daikin’s endeavour to capture significant market share. We are committed to provide unmatched consumer experience with network of highly trained sales, service and maintenance through our strong dealer network & employees.” 

The East market has grown over 50% in the last year, and Daikin India predicts it to be a INR 2000 crores by 2025, prompting us to launch a host of new products & increase our dealer network extensively. With robust infrastructure & housing development, we are witnessing a high demand for smart & energy efficient air-conditioning solutions. We are planning to invest in heavy marketing & promotions across Orissa to secure 20% market share end of FY 24-25. 

• Daikin Global net sales: 29+ Billion USD

• INR 2800 Crore investments in India

• 3 factories across – Neemrana & Sri City

• Skill Development Initiative – Daikin Japanese Institute of Manufacturing Excellence

Daikin India recently operationalised its new facility at Sri City, Andhra Pradesh, spread across 75.5 acres to reaffirm its commitment for excellence and innovation; strategically positioned to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, for domestic and international consumption. Daikin notably is the principal investor in the Production Linked Incentive (PLI) program in the air-conditioning category, implemented by the government to encourage domestic production of air conditioners.

Mr. Kuldeepak Virmani commented, “The commercialisation of our new manufacturing plant in Sri City is a momentous occasion for Daikin. This facility will not only enhance our production capabilities but will also strengthen our position as a leading provider of energy-efficient and sustainable HVAC solutions in the region. With this factory, Daikin’s production capacity receives a substantial boost, further solidifying our commitment to growth in India. This expansion marks a pivotal moment in our journey, poised to make a significant contribution to Daikin’s continued success in the country and fostering long-term partnerships that drive mutual success.”

The new plant is equipped with the latest technology and adheres to Daikin’s high standards for quality and sustainability. The facility is designed to streamline production processes, ensuring the timely delivery of Daikin’s renowned products to customers across India and beyond. Emphasizing the company’s commitment to sustainability and environmental responsibility, this state-of-the-art factory aligns with Daikin’s aspiration to achieve Net Zero greenhouse gas emissions by 2050. The facility is dedicated to the development of climate-friendly air conditioning solutions for markets in West Africa, Sri Lanka, Bhutan, Nepal, Bangladesh, the Middle East, South America, and East Africa.

Daikin – the world’s No. 1 air-conditioning company, as a part of the Skill India Initiative, bestowed an Air-conditioning / HVAC lab to Bhubaneswar Institute of Industrial Technology, Bhubaneswar. These facilities known as Daikin Center of Excellence (CoEs) will be expanded to other institutes and this collaborative relationship with educational institutions will provide a platform for students to develop skills as per International standards in new Technologies, helping them better their employability. The CoEs supported by Daikin, are reinforced with many Daikin technologies, working models, literature & study material for the students & faculty.

Mr. Kuldeepak Virmani also said, “This partnership is aimed at upgrading training in Air Conditioning to international standards. We at Daikin are committed towards excellence in technology and quality; and this initiative will provide a platform to these students to enhance their skills and get access to world class training in Air-conditioning. Having identified skill development& youth unemployment as challenges in India, Daikin is at the fore-front with government &private educational institutions for development of skill mediums, making the youth of India more employable.”  Daikin will share its training resources across 20+ COEs across India and deserving students may be considered for placement opportunities in Daikin or channel partners such as internship, live projects or fixed term employment contracts, etc.

Notes to Editor:

Industry reports anticipate a robust increase of 15-20% in residential air conditioner (RAC) volumes for FY24, highlighting substantial growth potential. This is attributed to the current low adoption rate, which stands at only 7-9% among total urban Indian households, significantly lower than the 90% observed in developed nations. Moreover, consumers are increasingly seeking energy-efficient products with a reduced total cost of ownership. Daikin remains dedicated to environmental responsibility, and the new plant in Sri City incorporates eco-friendly practices in line with the company’s commitment to sustainability. The facility is designed to minimize environmental impact through energy-efficient processes and waste reduction initiatives, aligning with Daikin’s global vision for a greener future.

About Daikin Airconditioning India Pvt. Ltd.:

Daikin Airconditioning India Pvt. Ltd.( DAIPL) is a 100% subsidiary of Daikin Industries Ltd., Japan, a global leader in the manufacturing of commercial-use and residential air conditioning systems. Backed by the superior technology, the organization offers a wide range of energy-efficient air conditioning solutions to the Indian customers. It has been successfully offering premium air conditioning solutions in the Indian market for large-scale projects. Robust growth is forecasted in India’s air-conditioning market in the future and Daikin intends to further increase its market share of residential and large-scale projects.