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<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">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.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">After
completing its ongoing USD 20 million (around Rs 120 crore) expansion at the
Pune plant by May 2015, Haier would start work on the proposed new new plant.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">"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.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">When
asked about the investments planned for the new project, Braganza said the
company would invest Rs 100 crore but was yet to find a new location for it.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">"We
have not decided on any location in North. It would depend on the what kind of
incentives we are going to get and what would be the government's policy at
that time," he said, adding that the new proposed pant would manufacture
washing machines and air conditioners.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">"Logistically
India is a huge market and when you expand, you need at least at three plant to
meet the demand," he said.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">Commenting
on the future plans for India, he said the company may also consider having a
third plant for the southern market after 5-6 years.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">The
company manufactures washing machines and refrigerators at its Pune plant and
would soon start producing some models of flat panels in India.</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">Haier
India Managing Director Song Yunjun said: "In a rising market like India,
it is heartening to experience the commendable growth Haier has achieved over
the decade."</span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-size:13.0pt;line-height:115%;font-family:"Corbel","sans-serif"">The
company today introduced 71 products here in four categories -- washing
machines, refrigerators, air conditioner and panels -- under its 'i-age'.</span></p>
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India is a 100 per cent subsidiary of Haier Group and started manufacturing in
India by acquiring a 40-acre plant at Ranjangoan at Pune in 2007.</span><!--[if gte mso 9]><xml>
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Project Value
INR 100 Crore /-
Conceptual
Multi State
India
Electronics
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
