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