Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem.

The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, Haryana, and Shogo Endo, Deputy Managing Director of Daikin Industries. According to the Haryana government, the planned R&D centre will create new employment opportunities and enhance the state’s integration with global technology networks. The initiative is also expected to strengthen Haryana’s positioning as a “Global Innovation Destination.”

In addition to Daikin’s commitment, Kubota, another major Japanese industrial and agricultural equipment manufacturer, announced an investment of Rs 20 billion in Haryana in collaboration with Escorts.

Haryana continues to attract large-scale foreign investments owing to its developed industrial clusters, strong transport infrastructure, skilled workforce, reliable power supply, and a single-window clearance system that facilitates ease of doing business.