Sri City and Carrier Sign Lease Deed for New Manufacturing Facility

Reinforcing Sri City’s position as the leading air-conditioning manufacturing hub in India

Sri City has signed a lease deed with Carrier Air Conditioning & Refrigeration Ltd. for the establishment of a new manufacturing facility, on Monday. The lease deed was signed and exchanged by Mr. Sundaresan Narayanan, Managing Director of Carrier India, and Dr. Ravindra Sannareddy, Managing Director of Sri City. Carrier Air Conditioning & Refrigeration Ltd. is part of Carrier Global Corporation, global leader in intelligent climate and energy solutions.

Presiding over the ceremony, Dr. S. Venkateswar, IAS, District Collector, Tirupati congratulated the Carrier and Sri City teams, noting that the State Government is committed not only to ease and speed of doing business but also to the speed of delivering governance. He appreciated the rapid strides being made in the region, with Sri City emerging as a leading hub in the HVAC sector, and described Carrier’s investment as a strong testament to this momentum.

Mr. Sundaresan Narayanan shared that the new facility will meet rising demand for sustainable and energy-efficient commercial cooling solutions while creating meaningful opportunities for local talent. The plant will integrate green manufacturing practices, generate significant employment and enable Carrier to manufacture at scale to support its market growth.

Dr. Ravindra Sannareddy welcomed Carrier into the Sri City fraternity, calling the investment a strong endorsement of Andhra Pradesh’s industrial ecosystem under the visionary leadership of the Hon’ble Chief Minister. He emphasised that Carrier’s presence will generate employment and accelerate Sri City’s transformation into a globally competitive hub for advanced manufacturing and sustainable innovation.

This agreement follows Carrier’s high-level engagements with the Hon’ble Chief Minister of Andhra Pradesh and the Hon’ble Minister for IT, Electronics & Communications, Mr. Nara Lokesh. During these discussions, Carrier expressed its intent to establish operations in the region, recognising Sri City’s rapid rise as India’s foremost hub for air-conditioning manufacturing. The decision complements Carrier’s existing facility in Haryana and aligns with the company’s longterm vision for sustainable growth.