# 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.

- Type: New facility
- Announced: 2018-11-03
- Where: Supa, Parner, Ahmednagar, Maharashtra, India
- 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
- Products: air conditioners, refrigerators, washing machines, compressors, electronic devices
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Midea](https://endata.com/companies/1678.md)
- [Carrier Midea India](https://endata.com/companies/35311.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/chinas-midea-to-invest-rs-1350cr-in-ahmednagar/articleshow/66503665.cms), 2018-11-04: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.