Chennai: Toshiba Carrier Corporation has announced its establishment of Toshiba Carrier Air-Conditioning India Pvt Ltd, a joint venture with United Technologies Corporation, in Gurgaon, Haryana.
The premises of Toshiba India will allow Toshiba Carrier to localize planning, development, manufacturing and sales of its commercial air-conditioning products and to expand its footprint in the country, a release stated.
Toshiba Carrier is an air-conditioning joint venture in Japan between Toshiba Corporation and Carrier, which is a part of UTC Climate, Controls and Security, a unit of United Technologies Corporation.
The new joint venture was created to support strong demand for variable refrigerant flow (VRF) solutions. VRF is a form of commercial air-conditioning for applications such as office building and condominiums. Driven by strong domestic demand from its population of approximately 1.3 billion, India is expected to continue a fast economic growth, as shown in its annual GDP growth at 7.4 per cent, the release from the firm said.
Toshiba Carrier Air-Conditioning India will also utilize the nationwide distribution network and existing sales force of Toshiba India.