Haier; Appliance and TV manufacturer to invest 1000 cr on India expansion plans

Haier; Appliance and TV manufacturer to invest 1000 cr on India expansion plans.

Appliance manufacturer Haier has announced its plan to invest ₹1,000 crore in the next three years for manufacturing expansion and backward integration.

[{"selector":"#anim-8eb090d4-7e0a-4228-9e2f-a9d13d48da9d","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fcb739a4-7a93-47c6-bd1a-b343e09e237d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The investment comes at a time when the electronics industry is battling a slowdown in consumer demand.

[{"selector":"#anim-56574050-f688-43d0-b890-018dda04783c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-db38a2d8-7f8c-4dfc-ab76-784c1bf40016","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This includes ₹400 crore currently lined up to set up a plant for injection molding.

[{"selector":"#anim-b7440b0e-8896-4915-a000-b64095d0f334","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-baabf15e-7b92-49bb-8271-36af8e3d7f10","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]