Haier to invest 1000 Cr to expand its manufacturing in India

Haier Appliances India has announced an investment of ₹1,000 crore to expand its manufacturing capabilities in the country, aiming to achieve $2 billion in sales within the next 3-4 years. Key Aspects of the Investment: * Air Conditioner Production: The company plans to increase its annual air conditioner production capacity from 1.5 million to 4 million units by expanding its Greater Noida plant. * Employment Opportunities: This expansion is expected to create approximately 3,500 jobs, reinforcing Haier's commitment to contributing to local employment and economic growth. * Injection Molding Unit: As part of the investment, Haier will establish a new injection molding unit with an allocation of ₹200 crore, enhancing its manufacturing infrastructure. Air Conditioning market getting hotter day by day as players keeps on investing on manufacturing. It will be interesting to see how market shares plays out between major players in coming years.

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