# Veira to invest Rs 450 crore in new Greater Noida unit for air coolers and washing machines

Veira will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida. The investment will raise its production capacity for washing machines and air coolers from 1 lakh to 5 lakh units annually.

- Type: New facility
- Announced: 2024-05-13
- Where: Greater Noida, India
- Value: $54.0M (4.50B INR)
- Status: announced
- Capacity: from 1 lakh to 5 lakh units of washing machines and air coolers annually
- Products: air coolers, washing machines
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Veira](https://endata.com/companies/77373.md)

## Sources

- [newsdrum.in](https://www.newsdrum.in/business/veira-to-invest-rs-450-cr-on-new-unit-to-hike-air-coolers-washing-machines-production-capacity-4566629), 2024-05-13: "Veira on Monday said it will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida."

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