Chinese consumer durables group Midea plans to manufacture its products in India by next year, and is setting up a new facility at Supa in Ahmednagar, near Pune, at an investment of Rs 1,350 crore. This was announced by Krishan Sachdev, managing director of Carrier Midea India and Midea Group India region. “We already have a manufacturing facility at Bawal in Haryana. By next year, 100 percent of our products shall be manufactured locally,” he said. He added that the company is evaluating prospects of exports from India.
The new facility – in a technology park spread over 68 acres – will have three manufacturing units: for HVAC products for Carrier Midea India, a 60:40 joint venture between Midea and Carrier; for compressors for GMCC, a Midea Group company; and for home appliances for Midea India. The complex is likely
to begin commercial operations at the beginning of 2020, and the technology park is expected to generate employment opportunities for over 2,000 people directly and indirectly. Over a period of five years, the facility will produce refrigerators, room air conditioners, washing machines, water purifiers, water heaters, commercial ACs and compressors.
Devendra Fadnavis, CM Maharashtra; He Xiangjian, Founder, Midea Group; and Paul Fang, Chairman, Midea Group laid the foundation stone of Midea Technology Park at Supa, Ahmednagar on November 3.
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