Climaveneta intends to be a Major export hub in cooling systems

The company is investing Rs 400 crore in a facility located at Narasapura near Bengaluru. With the operationalisation of the new facility, it aims to capitalise on the chiller market and become a major export hub for the region.

Climaveneta Climate Technologies, a Group company of Mitsubishi Electric, is investing over INR 400 crore in the plant at Narsapura, an industrial hub located 50 km from Bengaluru. Climaveneta Climate Technologies (CCT), intends to be an export hub in cooling systems for nearby regions. The plant will manufacture central air-conditioning equipment such as screw chillers, magnetic levitation technology chillers, scroll chillers, conventional centrifugal chillers, high-precision ac units, and heat pumps for HVAC application.

Anil Dev, Chief Executive Officer of Climaveneta Climate Technologies, India, said, “India’s rapid digitalisation, driven by government initiatives, e-commerce, cloud adoption, and AI, calls for a data centre infrastructure to support this growth. Reliable cooling systems are essential to prevent equipment failures in data centres. CCT’s advanced, sustainable, and efficient air conditioning solutions ensure ideal environments across data centres, commercial buildings, healthcare, manufacturing, and more, supported by intelligent plant automation and optimisation solutions to provide the most reliable and efficient environment & infrastructure for such projects.

He added, “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 domestic and international markets. We will always strive to bring efficient technologies to the Indian market and pursue ethical growth by giving the highest priority to sustainability and protection of the environment.”

HVAC equipment accounts for a significant portion of a facility or building’s energy consumption and operating costs. HVAC monitoring and diagnostic systems can help lower these expenditures by monitoring the environmental conditions, health, and operating efficiency of the plant, providing automatic alerts in case of performance deficiency. They also help minimise breakdowns.

Masafumi Ando, Chief Executive Officer of Mitsubishi Electric Hydronic and IT Cooling S.p.A. said, “The group is targeting 2050 for achieving complete carbon neutrality. Climaveneta India is playing a major role in this plan. Climaveneta India’s products are vital given the buoyant Indian economy and the sudden and rapid change in industrial dynamics. Europe and many developed countries are phasing out refrigerants having global warming implications. Hence, alternative technologies are the need of the hour. The company’s products ensure zero percent ozone depletion. The high demand for environment-friendly and energy-efficient cooling systems reflects this change.”

Atsushi Takase, Managing Director at Mitsubishi Electric India, says, “Mitsubishi Electric plans to enhance its investment over the next few years and expand operations in and around Bangalore and other locations. The vast availability of skilled manpower, manufacturing and technology companies in the city, and a favourable government policy are the biggest pull factors for Mitsubishi Electric.” 

Climaveneta India is building on the high demand and growth of the data centre market in India. This market is concentrated largely in West India (Navi Mumbai), followed by Chennai, Bengaluru, Hyderabad, Pune, and Kolkata. The company also leads in providing other highly efficient HVAC products and solutions and has introduced several innovations in India.