Haier India is set to enter South India with a manufacturing facility in Andhra Pradesh. The facility will have an estimated investment of 7,000 INR-Crore. It will be Haier’s largest investment in India to date.
The Andhra Pradesh Government has earmarked an anticipated 250 Acres of land in Satyavedu mandal, Tirupati district. The company will invest in two phases to set up the facility. In the first phase, an estimated 4,500 INR-Crore will be invested, and the remaining 2,500 INR-Crore will be invested in the second phase by 2032. Additionally, the first phase is expected to be operational by 2028.
Also Read: Upcoming Mixed-Use Development – Valor L&T Conrad, BKC, Mumbai
The Haier facility in Andhra Pradesh will manufacture air conditioners, washing machines, televisions, and small appliances. Furthermore, it will include the production of air purifiers and kitchen appliances. The investment is expected to generate direct employment for 6,000 people (working within the manufacturing facility) and 15,000 indirect jobs by 2032.
Biltrax Construction Data is tracking 65,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
