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New Daikin Sustainable Home Centre Opens in Stanmore, UK
On June 21, Daikin UK opened a new Sustainable Home Centre in Stanmore. The launch marked the seventh addition to its Sustainable Home Centres in 2024, showing Daikin’s commitment to advancing s...
Indian RAC Market to Reach US$ 5.6 Billion by FY 2028–2029
The Indian room air conditioner (RAC) market is projected to grow at a robust compound annual growth rate (CAGR) of 12% and reach US$ 5.6 billion by fiscal year (FY) 2028–2029, according to Tata...
PLI Scheme May Be Reopened
The government is considering a plan to reopen the production-linked incentive scheme for white goods (PLIWG) after a slow start to domestic manufacturing of some high-value components such as compressors, copper tubes, and aluminum foils. The scheme aims to boost the production of components for air conditioners and light emitting diode (LED) lights. ...
Havells India Plans US$ 120 Million Investment in FY 2024–20
Havells India plans to invest 10 billion rupees (INR; about US$ 120 million) in FY 2024–2025 to expand capacities, explore air conditioning compressor manufacturing, and target rural markets, along with international expansion through a joint venture (JV) for marketing lighting products in the United States. The brand is also focusing on emerging channels such as modern format retail and reg...
India Reconsidering Policy on Chinese Investment
India is revisiting its informal ban on allowing Chinese electronics companies to invest in India on a case-by-case basis, relaxing some of its reservations. In the face of lobbying by Indian companies to temper its hard stance, the Ministry of Electronics and Information Technology (MeitY) recently wrote to Chinese air conditioner compressor manufacturer Shanghai Highly (Group) asking about its p...
Carrier Introduces Made-in-India Scroll Chiller
Carrier Airconditioning & Refrigeration in India announced on June 3 the launch of its Made in India 30RB air-cooled modular scroll chiller. This product is engineered to cater to the needs of the...
Blue Star MD Is IGBC Chairman
B. Thiagarajan, managing director (MD) of Blue Star, has been appointed national chairman of Indian Green Building Council (IGBC). IGBC is India’s premier certification body, headquartered in...
Winners of Solar Decathlon India Net-Zero Building Challenge
Solar Decathlon India (SDI) is the world’s largest annual net-zero building challenge for youth, co-organized by the Indian Institute for Human Settlements (IIHS) and the Alliance for an Energy ...
Panasonic to Acquire Area Cooling
On July 9, 2024, Panasonic announced that its Cold Chain Solutions Company (hereinafter referred to as Panasonic) has entered into an agreement with Cooling Solutions to purchase all the shares of its...
Rhoss Adds New FullFLOW-I Booster ECO/ ECOA1 Ranges
Rhoss added new FullFLOW-I Booster ECO/ECOA1 ranges in its lineup. These non-reversible water source heat pumps (heating-only) provide an innovative and eco-friendly solution for high temperature heating needs. With screw inverter compressors and low-GWP refrigerants such as R1234ze (ECO version) or R515B (ECOA1 version), these units ensure high performance with a reduced environmental impact. ...
