Carrier's Rs 1,000 Crore Push Powers Sri City Growth

In a major boost to India’s cooling industry, Carrier has announced a Rs 1,000 crore investment to set up a new manufacturing facility in Sri City, Andhra Pradesh.

The move strengthens Sri City’s position as a fast-growing cooling hub and marks a significant expansion by the global air-conditioning giant in the country.

The upcoming plant will come up on 39 acres and focus on manufacturing commercial and industrial air-conditioning systems. It will not produce room air conditioners at this stage. The investment is expected to generate around 3,000 jobs, including 1,000 direct and 2,000 indirect employment opportunities, giving a strong push to the local economy.

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With this announcement, Sri City is set to further cement its role in India’s HVAC manufacturing landscape. The industrial zone already accounts for nearly 40 percent of India’s air-conditioner production. Industry estimates suggest that share could rise to 60-70 percent by 2028 as more global players expand operations here.

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The region hosts nearly 10 major HVAC manufacturers and over 30 component suppliers, creating a strong ecosystem for production and logistics. Its proximity to ports and southern markets gives companies a cost advantage and faster distribution reach.

Carrier’s investment signals confidence in India’s growing demand for energy-efficient and sustainable cooling solutions. As temperatures rise and infrastructure expands, Sri City is quickly emerging as the country’s cooling capital, with Carrier’s latest move adding serious momentum to that growth story.