‘Sri City attracting air-conditioning majors’
The Hindu
Sri City, near Chennai, is now the "Cool Capital of India" with 7 air-conditioning manufacturers investing ₹3,820 crore & providing 9,300 jobs.
Sri City, an integrated business city at Tada, near Chennai, is now considered as the “Cool Capital of India,’ with seven air-conditioning manufacturers having set up units and started operations there, said a top official.
These key players in the heating, ventilation and air conditioning (HVAC) solutions have committed to invest ₹3,820 crore over a period of time and provide jobs to more than 9,300 people.
Daikin Airconditioning India has set up a manufacturing facility at a cost of ₹1,000 crore. The unit will provide 3,000 jobs in phases.
“The commitment of all these companies to India’s Atmanirbhar strategy and ‘Make in India’ ambition are commendable,” said founder MD Ravindra Sannareddy in an interaction.
According to him, major players such as Blue Star, Amber, Epack Durable, Havells, IAPL Group (Mitsubishi Electric) and Thermax have set up shop, boosting domestic production and reducing reliance on imports.
Till recently, Neemrana in Rajasthan hosted some of the AC original equipment manufacturers such as Daikin, Havells and De Diamond Electric among others. However, Sri City, besides hosting a greater number of AC manufacturing companies, component suppliers and their supply chain partners, offers symbiotic ecosystem for air-conditioners manufacturing sector, he said.
It is estimated that by 2027, close to 50% of air conditioners produced in India will originate from Sri City. This ambitious forecast underscores the Sri City’s rapid evolution into a central hub for HVAC manufacturing, he said.
According to recent Foreign Trade Performance Analysis data, India’s overall exports remained resilient in late 2025, even as traditional sectors faced sharp declines. While shipments of gems and jewellery to the U.S. plummeted, the overall figures were bolstered by a massive 237% surge in telecom exports, particularly smartphones. Data shows that Indian exporters are aggressively diversifying their portfolios. By deepening ties with existing partners and discovering new alliances, India is replacing lost U.S. sales with a more diversified set of trade partners
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