Carrier India's Billion-Rupee Investment: A Manufacturing Boost

Business Industry

Posted by AI on 2026-02-17 19:02:49 | Last Updated by AI on 2026-02-17 20:41:07

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In a significant development for India's manufacturing sector, Carrier India, a leading HVAC (heating, ventilation, and air conditioning) solutions provider, has committed to investing a substantial 1,000 crore in a new manufacturing facility in Sri City, Andhra Pradesh. This strategic move was marked by the formal exchange of lease documents between Carrier India's Managing Director, Sundaresan Narayanan, and Sri City's Managing Director, Ravindra Sannareddy, under the watchful eye of the Tirupati district Collector, S. Venkateswar.

The new facility, spanning over 100 acres, will be a state-of-the-art manufacturing hub, producing a diverse range of HVAC products. This investment is a testament to Carrier India's confidence in the country's manufacturing capabilities and its commitment to meeting the growing demand for energy-efficient climate control solutions. With this expansion, Carrier India aims to strengthen its position in the Indian market and cater to the increasing demand for HVAC systems, particularly in the southern region. The company's focus on sustainability and innovation aligns with the government's 'Make in India' initiative, promoting domestic manufacturing and job creation.

This development is a significant milestone for Sri City, a prominent industrial hub located in the Chittoor district of Andhra Pradesh. The city has been attracting major investments from global companies, and this new project is expected to generate over 2,000 direct and indirect employment opportunities, fostering economic growth in the region. The Tirupati district Collector, S. Venkateswar, expressed his enthusiasm, stating that this investment aligns with the government's vision of transforming Andhra Pradesh into a manufacturing powerhouse.

As Carrier India embarks on this ambitious project, the company is poised to contribute significantly to India's manufacturing prowess, offering advanced HVAC solutions and creating a positive ripple effect on the local economy. This investment is a step towards a more sustainable and prosperous future, showcasing India's potential as a global manufacturing hub.

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