MUMBAI: Daikin Industries Ltd, the world’s largest manufacturer of air conditioners, is looking to expand in India as it responds to consumer demand for what’s become a necessity as temperatures soar.
The Japanese company has signed a memorandum of understanding to acquire an additional 13.4ha to build a new plant near its current factory in southern India, chief executive officer of Daikin’s India operations Kanwal Jeet Jawa said from the company’s Osaka headquarters last week.
