European home appliances brand BSH Hausgeräte GmbH held the ground-breaking ceremony of its upcoming refrigerator factory at its 44-acre Chennai facility in India, the company said in a statement.
ET reported that the factory which will be operational by 2021 will manufacture around 41,000 units of refrigerators, targeting more than 400,000 units by 2028 for domestic consumption as well as export to other emerging markets.
To support this target, the facility will give direct employment opportunities to almost 500 staff by 2027, according to the company. BSH will be investing 100 million euros over the next four to five years across building brands, technology centre and setting up the refrigerator factory to bring best in class German technology in India, it said.
According to the company, BSH’s new facility will see localisation for India and will manufacture products for the brand Bosch. Launched in 2015, the Chennai facility so far has manufactured Bosch front loading washing machines. Recently, the laundry category successfully achieved an astounding milestone producing 5,00,000 front load washing machines in India, the company said.
