Haier plans to invest Rs 370 Crore in its Pune plant

News

• Chinese appliances maker Haier has signed a memorandum of understanding with the Maharashtra Government and plans to invest Rs 370 crore in its Pune plant to scale up operations.
• The investment will be used to expand manufacturing capacity of refrigerators besides adding new products, such as washing machines, air-conditioners, LED television panels, water heaters and deep freezers, to the production line.
• The plant has a capacity of one million units per year and one-third of the plant’s 40-acre area is used for manufacturing refrigerators.