Sri City MD applauds Daikin India MD on the company's billion-dollar achievement
Sri City Founder Managing Director, Dr. Ravindra Sannareddy congratulated Mr. Kanwaljeet Jawa, Chairman and Managing Director, Daikin Air-conditioning India on the company's billion-dollar achievement.
In a message to Mr. Kanwaljeet Jawa, Dr. Ravindra Sannareddy said, “I am delighted as Daikin India emerged now as the very first international company in the cooling industry to surpass the USD 1 billion mark, for the financial year 2023, and I extend my heartiest congratulations to you and your team. Under your dynamic leadership, Daikin India's achieved market leadership in every segment in which it operates.”
“We applaud your remarkable achievement, and are proud to be associated with Daikin India as the ‘home’ for its largest manufacturing unit of air-conditioners (ACs) and compressors in India, built at high standards. We are confident that once this production facility begins functioning, Daikin India's business in India would double to $2 billion in the coming years. And, we believe that your success will inspire others to strive for excellence and achieve their goals,” he said.
“Daikin's initiative to establish a skill development training hub in Sri City, focusing on employability of youth, is much appreciated. We look forward to continuing our partnership with you and wish you the very best for your future endeavours,” Dr. Ravindra Sannareddy added.
Daikin Air-conditioning India Pvt. Ltd. is a 100% subsidiary of Daikin Industries Ltd., Japan. In Sri City, Daikin India is setting up a factory, which will serve the growing domestic and international demand with its cutting-edge products. This new factory, spread over 75.5 acres, will be ready for commercial production this year and elevate Daikin India to become the largest manufacturer of air-conditioners (ACs) and compressors in India. It will be a manufacturing marvel having all Industry 4.0 digitisation standards. Besides this, in line with Skilling India initiative, Daikin will start a skill development training centre in Sri City, focusing on the employability of youth. It aims to offer a training that combines on-the-job training, HVAC technical know-how and training in the Japanese manufacturing process as well as soft skills.
