Exhale Innovations Worldwide Pvt. Ltd. managing director Prem Khatri said the company is planning to set up a new ‘bladeless’ ceiling fan manufacturing facility.
He said: “We are planning to invest about Rs 80 crore in a new plant in Sriperumbudur (on the outskirts of Chennai) and scouting for land.”
Exhale Innovations is a joint venture with the US-based Exhale Fans LLC. Currently, it outsources bladeless ceiling fans and sells it in the domestic market after assembling them in Sriperumbudur.
Khatri added: “So far, we have invested Rs 10 crore in the assembling unit. The new plant will be set up over the next two to two-and-a-half years time. There, we will produce everything other than motors, which are being sourced from Coimbatore.”
Image Credit : thehindu.com