From The Economic Times · Nidhi Sharma · · 50s
Haier India to invest ₹7,000 crore in Andhra facility
Haier India will build a ₹7,000 crore factory in Andhra Pradesh by 2028, creating 6,000 direct jobs.
In brief
Haier India will build a ₹7,000 crore factory in Andhra Pradesh by 2028, creating 6,000 direct jobs. Haier India plans to invest ₹7,000 crore in a new manufacturing facility in Andhra Pradesh by 2028, creating 6,000 direct jobs. Originally reported by The Economic Times.
Haier India investment
Haier India will invest ₹7,000 crore in a new manufacturing facility in Andhra Pradesh.
First phase operational by 2028
The first phase of the facility is expected to be operational by 2028.
Two-phase investment plan
The investment will be split into two phases: ₹4,500 crore by 2032 and ₹2,500 crore by 2032.
Job creation target
The facility will create 6,000 direct jobs and 15,000 indirect jobs by 2032.
Strategic location
The facility is located in Satyavedu mandal, Tirupati district, near the Tirupati-Chennai-Nellore electronics manufacturing corridor.
The essence
Haier India plans to invest ₹7,000 crore in a new manufacturing facility in Andhra Pradesh by 2028, creating 6,000 direct jobs.
