Saturday, 1 July 2017

China’s Midea to set up factory in Pune

1/07/2017

PUNE: China’s electrical appliances maker Midea Group said it would invest Rs. 800 crore in India to set up a manufacturing facility in Pune.

The plant, which will come up in Pune, will be spread over 43 acres and become operational by end of 2018. It is expected to generate employment for 500 people over the next 5 years, the company said.

Andy Gu, vice president, Midea Group, said the manufacturing plant will help the company accelerate its business in India and “establish Midea as a significant player in the home appliance market in India.”

The plant would have a capacity to produce 5 lakh refrigerators, 6 lakh washing machines and 10 lakh water appliance products.

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