|
| Exchange Received Time 02/11/2018 13:12:12 Exchange Disseminated Time 02/11/2018 13:12:16 Time Taken 00:00:04 | The Company aims to strengthen its product offerings and provide customers with state-of-the-art technology benefits. With this in mind, the company plans to expand its existing design and development capabilities by setting up additional labs and hiring more engineers in a phased manner. Through this development center, the company plans to cater not only to Indian market but also to global requirements across Johnson Controls-Hitachi group entities.
The company plans to invest approximately INR 140 Crores for this activity during 2018-19 and 2019-20.
The center will host best in class infrastructure to design and develop various types of air conditioning products of global standards catering to various regions and different customer needs. The same is being developed on the lines of existing design and development centers of the Johnson Controls-Hitachi group located in Japan, China and Taiwan.
Once fully functional, it would support the company in launching series of energy efficient and feature rich air conditioning products at economical prices.
|
|
|