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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