Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan
ECONOMY & POLICY

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

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.

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.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement