daikin industries, ltd. unsponsored adr is considering expanding its production capacity in india to help local consumers meet the demand for cooling. recently, daikin industries has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) of land for the construction of a new factory around its existing factory in southern india. kanwal jeet jawa, ceo of daikin industries' operations in india, stated last week at the company's headquarters in osaka, japan, that about 93% of indians do not yet have any air conditioners, which is our future market.