• Home
  • Realty
    • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • Videos
    • India Kitchen Congress
    • Conversations
  • Services
  • Contact Us
Log In

Submit a Video
User Panel Banner
Log In

  • Home
  • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • India Kitchen Congress
    • Conversations
  • Services
  • Contact Us
HomeNewsCorporateChina’s Midea Group to invest Rs 800 Cr for Consumer Appliances Mfg Facility

China’s Midea Group to invest Rs 800 Cr for Consumer Appliances Mfg Facility

  • June 30, 2017
  • 0 comments
  • Sourcing Hardware
  • Posted in CorporateNews
  • 0
  • Tweet
  • Share 0
  • +1
  • LinkedIn 0

The upcoming plant will have an annual capacity to manufacture ten lakh water appliances products, including water heaters and water purifiers.

The $24-billion China-headquartered consumer appliances & HVAC MNC Midea Group on Thursday said that it plans to invest Rs 800 crore for setting up a consumer home appliances and components manufacturing facility in the country. The facility, which will have a dedicated R&D centre to design, develop and test products for the domestic market, is expected to start commercial operations by end 2018.

The upcoming plant will have an annual manufacturing capacity of ten lakh water appliances, including water heaters and water purifiers. Besides, it will be equipped to roll out five lakh refrigerators, and six lakh washing machines.

“India is a key market in our global growth strategy and will be an important manufacturing hub in the future. Our investment is an example of Midea’s belief in the Indian market and reiterates our commitment to ‘Make in India’,” said Andy Gu, company’s vice president, at the inauguration. “The new home appliances manufacturing plant in India will enable us to offer ‘Designed in India’ product solutions to our valued customers. We are extremely happy to begin work for expanding our base in India.”

According to Andy, the company will acquire 43 acres of land in Supa Parner Industrial Park II near Pune, Maharashtra for the facility that is expected to generate 500 jobs over the next five years.

Related Posts

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

0 comments
Corporate

Home Décor is a $20 bn Business, and we are in the Right Place: HomeLane Founder & CEO Srikanth Iyer

Sanitaryware
0 comments
CorporateRoca News

Swiss Luxury Sanitaryware Brand Laufen Opens Outlet in Gurugram

Hafele’s Hydro 80 Glass Sliding System for S...

  • June 29, 2017
  • 0 comments

FIHMTA Organises GST Seminar; CAIT Releases White ...

  • July 4, 2017
  • 0 comments

Share this

About author

Sourcing Hardware

Related Posts

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

0 comments
Corporate

Home Décor is a $20 bn Business, and we are in the Right Place: HomeLane Founder & CEO Srikanth Iyer

Sanitaryware
0 comments
CorporateRoca News

Swiss Luxury Sanitaryware Brand Laufen Opens Outlet in Gurugram

0 comments
*Corporate

CRI Wins National Energy Conservation Award 2019 in Pumps

Tags

  • Andy Gu
  • Make in India
  • Midea

Do not miss

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

  • About us
  • Contact Us
  • Privacy Policy
  • About Channel Offers
Got a hot tip? Send it to us!

    Your Name (required)

    Your Email (required)

    Video URL

    Attach Video

    Category
    SportNewsTechMusic

    Your Message