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Daikin Industries Sets Up India R&D Subsidiary to Target Global South Growth

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Daikin Industries (TYO:6367) has approved the establishment of a wholly owned R&D subsidiary in Haryana, India, with 8 billion rupees in capital, to strengthen product development for large-scale HVAC systems across Asia, Oceania, and Africa.

The new entity, Daikin Research and Development India, will oversee construction of an R&D center scheduled for completion by June 2028, according to a statement on Friday.

The subsidiary is expected to be established in July, with the R&D hub serving as a core base for tailoring solutions to local regulations and climatic needs.

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