Voltas plans Rs 1,300 crore investment for AC compressor manufacturing in India

Voltas revived plans to manufacture air-conditioner compressors in India with a Japanese or Korean partner, after a previous JV with China's Highly International was rejected. The company has lined up investments of over Rs 1,300 crore for manufacturing, including Rs 350 crore for the compressor project and Rs 500 crore for the Chennai plant.

“The compressor project is still on, and we are looking at other partnerships.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comVoltas revives plans to make AC compressors in India - The Economic TimesWritankar MukherjeeOct 22, 2023

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