Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 08 2018

Haier to set up its second industrial park in India

The industrial park will be set up in Greater Noida, Uttar Pradesh.

Haier, the global leader in Home Appliances & Consumer Electronics, has signed a Memorandum of Understanding (MoU) with The Government of Uttar Pradesh to set up its second industrial park in India. The industrial park will be set up in Greater Noida, Uttar Pradesh.

With this development, Haier has strengthened its commitment towards the central government’s 'Make in India' initiative to boost local manufacturing.

Under the agreement, Haier will invest Rs 3069 crore for setting up its industrial park in the state over the next four years in two phases. With this development, the company is expected to create almost 4000 new direct employment opportunities along with over 10,000 indirect jobs. The expansion will serve as an opportunity for vendors and OEMs, bringing about an expanded business with increased local production and lesser imports of products.

The facility is sprawled over an area of 123 acres and is expected to begin operations by 2020. The investment is aimed to scale up the production capacity of Haier products across categories like refrigerators, washing machines, air conditioners and LED panels. The new plant will have an annual production capacity of 2 million refrigerators, 1 million Air Conditioners, 1 million Washing Machines, and 1 million LED TVs.

Eric Braganza, President at Haier India, said, "In line with our commitment to the Central Government's 'Make in India' initiative, we are delighted to announce the second industrial park in the country. The new facility will not only help in augmenting our production capacity to address the increasing local demand but also in generating employment opportunities in the state. This agreement will enable us to further strengthen our presence and commitment in the country."

Song Yujun, VP at Global Appliances Haier Group and Managing Director at Haier Appliances India, said, "India is a dynamic and important market for the Haier Group and our investment trajectory in the country is a testimonial to the same. Setting up a new manufacturing unit will not only help us build a better presence in the country, but will also enable us to innovate more for our Indian customers with solutions that complement their evolving lifestyles. We are thankful to the Government of Uttar Pradesh for extending all the support to participate in the development of the state."

Comment
image
Related opportunities
  • Kids Entertainment Zones
    About Us: KKPL specializes in setting up kids entertainment centres in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bike Reselling
    About Us: Introducing your very own Pre-owned two-wheeler destination. Now get rid..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About Us: Established in 1994, Tomato's, a venture of Ahura Restaurants..
    Locations looking for expansion Ahmedabad
    Establishment year 1994
    Franchising Launch Date 2011
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Prahaladnagar Ahmedabad
  • JEI Learning Centers, USA was started in 1992, followed by..
    Locations looking for expansion West Bengal
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required 700 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities