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Fujitsu General to infuse USD 200 mn in India

Friday, 16 Feb 2018
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Fujitsu General, Japanese air-conditioner maker, plans to set up a manufacturing plant in India with an estimated investment of USD 200 million.

The proposal is in initial stage. The company is in talks with all states, and most likely the project will come up in Andhra Pradesh or Telangana.

In initial phase the proposed plant will manufacture customised products for the domestic market.The facility is expected be set up in next two to three years.

The expansion plan is part of its USD one billion investment globally for setting up manufacturing plants, automation and R&D centres across countries.

The proposed manufacturing facility could begin operations with an initial capacity of 10 lakh a year.

The company intends to raise the market share to five percent in next two years.

ETA General (EGPL) is a joint venture between ETA-ASCON Star and Fujitsu General.

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