Zamil Industrial Investment Co, a Saudi Arabia-based manufacturing and industrial conglomerate, is planning investment in India.

The company will invest up to Rs 3,000 crore in the next 2-3 years. The company plans to increase its focus on the air conditioner market in India. It also plans to increase its manufacturing capacities. It has two manufacturing facilities in Nalagarh, Himachal Pradesh.

The company has fully acquired air conditioner maker Advantec Coils by picking up a 70 percent stake for an undisclosed amount. In 2008, the company had acquired 30 per cent stake in Advantec. Following this, the company has been named Zamil Air Conditioners India. Zamil has also launched a slew of products in the residential and commercial range. The company is also scouting for more acquisitions and is already in talks with two more players.