Haier to invest Rs 30.69 billion to start production plants in Greater Noida

Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) has said Haier Appliances will invest Rs 30.69 billion to establish manufacturing units at an industrial township in Greater Noida, Uttar Pradesh.

In a statement. the consumer electronics company expects to generate direct employment for 3,950 people with this project, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC).

It further said it has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up manufacturing units.

Also, Chinese Mobile maker Forme’s Indian subsidiary Forme Trading has been allotted 3.5-acre land in IITGN for the same purpose.

“Forme Trading plans to invest Rs 1 billion in its new mobile phone manufacturing unit at IITGN which is likely to create 600 direct and 1,000 indirect jobs,” it stated.

Image Credit : bsmedia.business-standard.com

Research Desk

Next Post

BIAL to raise Rs 70 billion to fund expansion plan

Tue Aug 28 , 2018
Bengaluru International Airport Ltd (BIAL) has decided to raise around Rs 70 billion in debt from banks to fund its second-phase expansion plan. Quoting sources close to the development, a Business Standard report said while the company had received approval, in principle, from its lenders for the proposal, it is […]
Bengaluru International Airport


Blog Stats