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Haier India to invest ₹7,000 crore in new facility in Andhra

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Haier India to invest ₹7,000 crore in new facility in Andhra

Haier India plans a ₹7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.

New Delhi: Haier India is set to invest ₹7,000 crore - its largest investment in India to date - in a manufacturing facility in Andhra Pradesh. With this investment, the home appliances and consumer electronics major will make an entry into South India. Haier India has manufacturing facilities in Pune (Maharashtra) and Greater Noida (Uttar Pradesh). According to sources, the Andhra Pradesh government has earmarked 250 acres of land in Satyavedu mandal in Tirupati district to set up the plant. The company will invest in two phases - about ₹4,500 crore in the first phase and ₹2,500 crore in the second phase - by 2032. As per the proposal submitted to the state government, the investment is expected to generate direct employment for 6,000 people (working within the manufacturing facility) and 15,000 indirect employment by 2032. This is the company's largest manufacturing push in India, as it targets revenue of ₹22,000 crore by 2028. Advt

The facility will manufacture air conditioners, washing machines, televisions, and small appliances, including air purifiers and kitchen appliances. The first phase is expected to be operational by 2028. Haier's choice of Satyavedu places it at the centre of one of India's fastest-growing electronics manufacturing belts, the Tirupati-Chennai-Nellore corridor in southern Andhra Pradesh.


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