Godrej Appliances will invest Rs 200 crore to hike production at its two manufacturing units.
"Godrej Appliances intends to undertake brownfield expansion at two of their existing home appliances manufacturing facilities based at Shirwal, near Pune, and Mohali in Punjab," the company said in a statement.
It further said: "Entailing an investment of around Rs 200 crore, the brownfield projects will help to ramp up production of air conditioners, washing machines and refrigerators at both locations."
Godrej Appliances Business Head and EVP Kamal Nandi said: "The proposed expansion will allow us to meet the increasing demand from customers and expand our footprint to an even larger area."
In April, Godrej Appliances had said it was planning to increase the number of exclusive brand outlets in the country within a year to 100 from 42 at present.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU