New Delhi: Home appliances and consumer electronics company Haier, on Friday announced the inauguration of its new factory for deep freezer manufacturing at its first industrial park in Ranjangaon, Pune.
The move is aimed at boosting domestic production in line with the Centre’s ‘Make in India’ initiative.
The investment will help Haier scale up the annual production capacity of deep freezer products to 5,00,000 units.
“Haier has been strengthening its focus to producing premium products through local manufacturing in India. The new deep freezer factory will enable the brand to manufacture products that cater to the evolving needs of the local market. The expansion will likewise serve as an open door for better business partnerships, bringing about an expanded growth with increased local production and lesser imports of products,” the company said in a statement.
In 2015, the Haier Group signed…