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Voltas JV begins work on its first India manufacturing unit

Press Trust of India  |  Ahmedabad 

Voltbek Home, a joint venture between Ltd and Ardutch B V, a subsidiary of Turkish company Arcelik A S, today started construction of its first facility for home in at near here.

The facility, spread over 60 acres in GIDC, will see an investment of Rs 240 crore in the first phase of development, MD and said.

Production of home from the unit is expected to commence within a year, he said.

"The JV company (Pvt Ltd) under the brand name of and Beko will manufacture refrigerators, washing machines, ovens and dishwashers, among other appliances.

"At this facilty, we will start initially with refrigerators and washing machines," said Bakshi, who was here for the ground-breaking ceremony of the facility.

"To begin with, we plan to invest Rs 240 crore. The civil work for the facility will start immediately, and within a year's time we will start commercial production," he said.

The facility will cater only to the domestic market.

"Our joint venture partner is in many markets in This is the strength we will be bringing in two-three years. The JV has been set up only for operations, and not for export," he said.

"Over the next few years, we will employ a 1,000 people at this facility being constructed under the Centre's Make in initiative," he said.

was chosen for the project due to its good ranking in the ease of doing business, Bakshi said.

"The choice of as the destination for the manufacturing unit was due to the state's ease of doing business and good governance," Bakshi said.

Voltas, a Tata Enterprise which is into air- conditioning and air cooler manufacturing, and Arcelik, a company with production facilities in seven countries, had announced the JV in May 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 23 2018. 19:45 IST
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