Haier holds groundbreaking ceremony for industrial park in Greater Noida

Home appliances brand Haier India said it held the groundbreaking ceremony of its second industrial park at Greater Noida in Uttar Pradesh set-up with an investment of Rs 3,069 crore.

With this investment, Haier India aims to scale-up the production capacity of appliances such as refrigerators, washing machines, air conditioners, LED panels, and water heaters.

The ceremony comes after the company had signed a memorandum of understanding with Uttar Pradesh government in September 2018 to invest Rs. 3,069 crore over the next three years in two phases, the company said in a statement.

BS