◂ Announcements

Nov 3, 2018NEW FACILITYSupa, Parner, Ahmednagar, Maharashtra, India

Midea Group to invest ₹1,350 crore in technology park in Ahmednagar, India

Midea Group will invest ₹1,350 crore over five years to build a 68-acre technology park in Supa, Parner, Ahmednagar, India, producing air conditioners, refrigerators, washing machines, compressors and other electronics. Commercial operations expected by April 2020, creating over 2,000 jobs.

Value

$185.0M (13.5B INR)

Jobs

2,000

Starts operating

Apr 2020

Status

Under construction

Capacity

2.5 lakh to 15 lakh units per annum (various products); 45 lakh compressors per year

Productsair conditionersrefrigeratorswashing machinescompressorselectronic devices

CompaniesMidea Carrier Midea India partner

Sectors#Industrial Machinery

“Midea expects commercial operations to start by April 2020 and aims to provide direct and indirect employment to more than 2,000 people over five years.”timesofindia.indiatimes.com

1 source
timesofindia.indiatimes.comChina’s Midea to invest Rs 1,350cr in Ahmednagar - The Times of IndiaSatyanarayan IyerNov 4, 2018

Summarized from public sources; check the original articles before acting on it.

◂ Announcements

Midea Group to invest ₹1,350 crore in technology park in Ahmednagar, India

More from Midea

◂ Announcements

Midea Group to invest ₹1,350 crore in technology park in Ahmednagar, India

More from Midea

Similar announcements