Sri City recently signed a lease deed with Carrier Air Conditioning & Refrigeration Ltd. for the establishment of a new manufacturing facility.

As per an official release from Sri City the lease deed was signed and exchanged by Mr. Sundaresan Narayanan, Managing Director of Carrier India, and Dr. Ravindra Sannareddy, Managing Director of Sri City.

Carrier Air Conditioning & Refrigeration Ltd. is part of Carrier Global Corporation, a global leader in intelligent climate and energy solutions.

As per details the company will invest Rs 1000 crore in the facility which shall generate about 3000 jobs (both direct and indirect).

Presiding over the ceremony, Dr. S. Venkateswar, IAS, District Collector, Tirupati congratulated the Carrier and Sri City teams, noting that the State Government is committed not only to ease and speed of doing business but also to the speed of delivering governance.

He appreciated the rapid strides being made in the region, with Sri City emerging as a leading hub in the HVAC sector, and described Carrier’s investment as a strong testament to this momentum.

Mr. Narayanan shared that the new facility will meet rising demand for sustainable and energy-efficient commercial cooling solutions while creating meaningful opportunities for local talent.

The plant will integrate green manufacturing practices, generate significant employment and enable Carrier to manufacture at scale to support its market growth.

Dr. Sannareddy welcomed Carrier into the Sri City fraternity, calling the investment a strong endorsement of Andhra Pradesh’s industrial ecosystem under the visionary leadership of the Chief Minister.

He emphasised that Carrier’s presence will generate employment and accelerate Sri City’s transformation into a globally competitive hub for advanced manufacturing and sustainable innovation.

This agreement follows Carrier’s high-level engagements with the Chief Minister of Andhra Pradesh and the Minister for IT, Electronics & Communications, Mr. Nara Lokesh.

During these discussions, Carrier expressed its intent to establish operations in the region, recognising Sri City’s rapid rise as India’s foremost hub for air-conditioning manufacturing.

The decision complements Carrier’s existing facility in Haryana and aligns with the company’s long-term vision for sustainable growth.