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 Urban

ITA launches India programme to boost clean industry projects

The Industrial Transition Accelerator (ITA) has launched its India Project Support Programme and released the India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed with Boston Consulting Group (BCG). The initiative seeks to accelerate investment-ready decarbonisation projects and drive low-carbon growth across India’s key industrial sectors. A global multi-stakeholder initiative launched at COP28, the ITA’s new programme aims to fast-track flagship industrial projects in sectors such as chemicals, steel, cement, aluminium, aviation, and shipping, supp..

Next Story
Infrastructure Energy

Tighter grid rules may hit India’s renewable energy profits

India’s proposed rules requiring renewable energy producers to strictly match their committed supply to actual generation could hurt company earnings and slow new investments, according to industry submissions reviewed on Wednesday. The Central Electricity Regulatory Commission (CERC), in its draft issued in September 2025, has proposed tighter regulations for wind and solar power producers under the Deviation Settlement Mechanism (DSM). The new framework aims to gradually narrow the permissible deviation between the power producers promise to supply and what they actually generate. From A..

Next Story
Infrastructure Urban

Pavna opens new R&D centre in Noida to boost innovation

Pavna Industries Limited has announced the establishment of a new Research and Development (R&D) Centre in Sector-63, Noida, Uttar Pradesh, marking a significant step in its commitment to innovation and technology advancement within the automotive components sector. The new facility will focus on the development of electronic components, lock systems, switches, and other advanced automotive technologies. According to the company, the centre aims to strengthen its design and engineering capabilities to meet evolving customer requirements and international quality standards. Pavna Industries m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement