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Foundation stone for Midea Group’s unit in Maharashtra

Monday, 05 Nov 2018
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Midea Group, a global consumer appliance conglomerate, laid the foundation stone for a manufacturing facility at Technology Park, Supa Parner in Maharashtra on 3 November 2018. The Technology Park complex is being set up in Supa Parner, MIDC Industrial Park II near Pune on 68 acre of land acquired in 2018.

The park is in line with the Government of India’s ‘Make in India’ policy. The company has earmarked an estimated investment of Rs 1,350 crore over five years for the technology park for manufacturing a range of consumer home appliances, air-conditioners and compressors.

The Technology Park will house three manufacturing units for home appliances, HVAC products and compressors. This technology park will include a manufacturing facility for Carrier Midea India, a 60:40 joint venture (JV) between Midea Group and Carrier.

One of the manufacturing facilities will be for GMCC, the world’s largest manufacturer of compressors for HVAC products and a Midea Group company, making an investment in a modern manufacturing facility. The technology park will also attract investment from other ancillary units to supply Midea’s factories.

The Technology Park is expected to generate employment opportunities for more than 2,000 people in direct and indirect employment. The complex is likely to commence commercial operations at the beginning of 2020.

 
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