Caixin
Nov 05, 2018 09:09 PM
BUSINESS & TECH

Appliance Giant Midea Breezes Into India

Midea air conditioners are made at a factory in Wuhu, Anhui province. Photo: VCG
Midea air conditioners are made at a factory in Wuhu, Anhui province. Photo: VCG

Home appliance giant Midea Group Co. Ltd. has broken ground on a new production base in India, becoming the latest Chinese firm to tap the South Asian nation’s emerging middle class.

With planned investment of 13.5 billion rupees ($185 million), the base in the western Indian state of Maharashtra will focus on building heaters, air conditioner compressors and other home appliances, Midea said on its official WeChat social media account in a post on Sunday. The project is located on a 270,000-square-meter (2,906,000 square feet) parcel, with operations expected to begin in the start of 2020.

You've accessed an article available only to subscribers
Get 30 days of access for $0.99.
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.