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

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