Chinese electronics consumer durables major Haier Group has expressed interest to invest over Rs 32 billion in a greenfield manufacturing plant in Noida.
Business Standard reported that the new plant would manufacture electronics and home appliances, which the company currently sources for the India market from Qingdao, China. A 7-member team led by Haier Appliances (India) Private Limited president Eric Braganza met UP industries minister Satish Mahana on Tuesday. The new plant is projected to provide employment to 4,300 people.
Braganza has informed that the organisation was impressed by the Yogi Adityanath’s new UP electronics manufacturing policy 2017, which offered an array of incentives to investors even as he sought the state government support towards the company’s roadmap for UP. He also committed to support the government’s various industrial development initiatives, saying Haier’s proposed investment would not only boost UP’s economy but spur industrialisation in the region.
The English daily reported that Mahana assured all help to the company, which is a wholly-owned subsidiary of Haier Group. He has said that Haier was welcome to invest in UP and that the government would provide all incentives under the policy.
Mahana further stated that UP was India’s biggest market and the state government had rolled out the red carpet for industry to set up their units for speedier industrial development and job creation. Manaha claimed that impressed by the government’s pro-industry policies, the companies were proactively coming to UP.
