Sri City (Tirupati Dist. Andhra Pradesh), Feb 17 (.) Sri City today signed a lease deed with Carrier Air Conditioning & Refrigeration Ltd. for the establishment of a new manufacturing facility, reinforcing its position as a leading air-conditioning manufacturing hub in India.
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.
Presiding over the ceremony, Dr. S. Venkateswar, District Collector, Tirupati, said the State Government is committed not only to ease and speed of doing business but also to the speed of delivering governance.
He noted that Sri City is emerging as a leading hub in the HVAC sector and described Carrier’s investment as a strong testament to the region’s industrial momentum.
Sundaresan Narayanan said the new facility would cater to the rising demand for sustainable and energy-efficient commercial cooling solutions while creating meaningful opportunities for local talent.
He added that the plant will integrate green manufacturing practices, generate significant employment and enable the company to scale up production to support market growth.
The agreement follows Carrier’s high-level engagements with Chief Minister of Andhra Pradesh N.Chandrababu Naidu and IT, Electronics & Communications Minister Nara Lokesh.
During the discussions, the company had expressed its intent to establish operations in the region, recognising Sri City’s rapid emergence as a major hub for air-conditioning manufacturing.
The new facility will complement Carrier’s existing manufacturing operations in Haryana and aligns with the company’s long-term vision for sustainable growth.
. KNR .