Climaveneta Climate Technologies (CCT), a Mitsubishi Electric Group company, is making an investment of Rs 400 crore to set up a new manufacturing facility in Narasapura, around 50 kilometres from Bengaluru.
The facility, spanning 2.5 lakh square feet, will enhance CCT’s production of advanced central air conditioning systems, with a focus on high-efficiency chillers and sustainable HVAC solutions. The expansion has been positioned to capture leadership in India’s chiller market, CCT also intends for the new plant to serve as a regional export hub.
CCT is headquartered in Bengaluru and has rapidly established itself as India’s fastest-growing chiller manufacturer and a key player in the country’s booming data center cooling segment. With order bookings exceeding Rs 500 crore, the company is looking to double its annual intake within five years.
The company’s product range at the new facility will include cutting-edge technologies, such as chillers with magnetic levitation and precision cooling units, tailored to the needs of diverse sectors like data centers, hospitals, commercial buildings, hotels, and more.
The expansion of the facility is expected to create around 500 jobs, leveraging Bengaluru’s skilled workforce and the region’s supportive industrial environment.
“Bengaluru, with its skilled talent and established industries, is ideal for our facility, which will create approximately 500 jobs. It will also manufacture a wide range of central air conditioning equipment for both domestic and international markets. We will always strive to bring efficient technologies to the Indian market and pursue ethical growth by giving highest priority to sustainability and protection of the environment,” said Anil Dev, Chief Executive Officer, Climaveneta Climate Technologies, India.
The facility’s eco-friendly cooling systems align with Mitsubishi Electric’s commitment to carbon neutrality by 2050. Masafumi Ando, CEO of Mitsubishi Electric Hydronic and IT Cooling, noted the increasing global demand for refrigerants that do not contribute to ozone depletion, which makes CCT’s products particularly relevant in markets phasing out older, environmentally harmful technologies.
“Climaveneta India’s products are vital now given the buoyant Indian economy and also the sudden and rapid change in industrial dynamics. Europe and many developed countries are phasing out refrigerants that have global warming implications and hence alternative technologies are the need of the hour,” Ando said.
