# Voltas plans Rs 500 crore compressor joint venture with Highly International

Voltas plans a Rs 500 crore compressor plant near Chennai as a joint venture with China's Highly International, which is awaiting government clearance under Press Note 3 and PLI approvals.

- Type: Partnership
- Announced: 2022-11-07
- Where: Chennai, Tamil Nadu, India
- Value: $61.0M (5.00B INR)
- Status: announced
- Products: compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Highly International](https://endata.com/companies/7546.md) (partner)
- [Voltas](https://endata.com/companies/9194.md) (partner)

## Sources

- [equitypandit.com](https://www.equitypandit.com/voltas-invests-rs-1000-crore-amid-capacity-expansion/), 2022-11-07: "Another proposed Rs 500 crore compressor plant in partnership with China's Highly International is yet to receive government clearance."

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