BSH Group has decided to invest an additional €100 million to set up a refrigeration facility at its manufacturing campus at Sriperumbudur near Chennai, and also on a technology centre, marketing and brand building.
Recently, the €14-billion group laid the foundation for the new refrigerator factory at its 44-acre facility at Sriperumbudur.
The company had already invested about €100 million in the unit in 2015 to manufacture washing machines.
Michael Schollhorn, Chief Operating Officer, BSH Hausgerate GmbH, was quoted as saying by BusinessLine: “The additional investment is our commitment to the Make in India programme and serve the demands of the fast-growing India market.”
According to Gunjan Srivastava, Managing Director & CEO, BSH Household Appliances Manufacturing Pvt Ltd, refrigerators from the plant will hit the markets from 2021.
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