Haier Appliances to set up Rs 30.69 bn industrial park in Greater Noida

In one of the largest investments by a Chinese durable major in the country, Haier Appliances India will put in Rs 30.69 billion to set up its second industrial park in Greater Noida. On Friday, a memorandum of understanding was signed by the company and the Uttar Pradesh government. 

The Greater Noida unit, spread over 123 acres, will be among the largest appliance plants in the country. Haier's component suppliers will set up base there. Samsung's largest mobile-manufacturing factory, inaugurated in June in Noida, is spread over 35 acres, involving an investment of Rs 49.15 billion.

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