Haier India, a manufacturer of home appliances and consumer electronics, performed groundbreaking ceremony of its second industrial park in Greater Noida, Uttar Pradesh  on 29 March 2019.

The company had signed an MoU with the government of Uttar Pradesh in September 2018 to make an investment of Rs 3,069 crore over the next three years in two phases.

The company aims to ramp up the production capacity of categories like refrigerators, washing machines, air-conditioners, LED panels, and water heaters.

The industry park will have a capacity to produce two million units of refrigerators, one million units of LED TVs, one million units of washing machines and air- conditioners in a year when fully completed.

The company is expected to generate around 4,000 direct employment opportunities and over 10,000 indirect jobs in the country.

The park will also serve as an opportunity for vendors and original equipment manufacturers (OEMs) to scale up and bring about an expanded business with increased local production and lesser dependence on imports.