# Mitsubishi Electric to invest ₹400 crore in industrial chiller plant in Karnataka

Climaveneta Climate Technologies, a group company of Mitsubishi Electric, is investing ₹400 crore to set up a plant to manufacture industrial chillers at Narsapura in Kolar district, Karnataka, India. The plant will produce central air-conditioning equipment including screw chillers, magnetic levitation chillers, and heat pumps.

- Type: New facility
- Announced: 2024-11-07
- Where: Narsapura, Kolar district, Karnataka, India
- Value: $48.0M (4.00B INR)
- Jobs: 300
- Status: announced
- Capacity: 1,200 chiller systems annually, planned to double to 2,400
- Products: industrial chillers, screw chillers, magnetic levitation chillers, scroll chillers, centrifugal chillers, heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md)
- [Climaveneta Climate Technologies](https://endata.com/companies/80840.md)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)

## Sources

- [thehindu.com](https://www.thehindu.com/news/cities/bangalore/mitsubishi-electric-to-invest-400-crore-to-open-industrial-chiller-factory-in-narsapura/article68841693.ece), 2024-11-07: "The new plant will help us double our annual order in the next five years."
- [refindustry.com](https://refindustry.com/news/market-news/climaveneta-climate-technologies-expands-in-indian-chiller-market-with-new-bengaluru-facility/), 2024-11-11: "Climaveneta Climate Technologies (CTT), a company under Mitsubishi Electric Group, is investing Rs 400 crore to establish a manufacturing facility near Bengaluru."
- [racplus.com](https://www.racplus.com/news/mitsubishi-electric-company-invests-in-india-cooling-production-12-11-2024/), 2024-11-12: "Climaveneta Climate Technologies says that it will establish a new plant in the Narsapura region of the country to address demand for more efficient cooling technologies."

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