Haier plans to set up new plant in north India; south on radar.

Consumer appliances and electronic goods maker Haier plans to set up a new plant in north India entailing an investment of Rs. 100 crore to meet its growing demand, and is mulling over a third one for South region after 5 to 6 years.

After completing its ongoing $20 million (around Rs. 120 crore) expansion at the Pune plant by May 2015, Haier would start work on the proposed new new plant.

'We are planning for a new manufacturing plant in the Northern region. We would take up this new project after May 2015 when we would finish our expansion plan in Pune,' Haier India President Eric Braganza told PTI.


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