Make in India: Haier's new unit in Greater Noida to generate 12,550 jobs

The company has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up manufacturing units.

By PTI  
Wednesday, August 22, 2018

Haier Appliances will invest Rs 3,069 crore to establish manufacturing units at an industrial township in Greater Noida, UP, DMICDC said on Wednesday. The consumer electronics company expects to generate direct employment for 3,950 people with this project, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) said in a statement.

It has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up manufacturing units, it said. Besides, Chinese Mobile maker Formes Indian subsidiary Forme Trading has been allotted 3.5 acre land in IITGN for the same purpose.

"Forme Trading plans to invest Rs 100 crore in its new mobile phone manufacturing unit at IITGN which is likely to create 600 direct and 1,000 indirect jobs," it added. Satkriti Infotainment, a sister concern of leading audio manufacturer Fenda Audio India, is another company to have been allotted land in the township project.

"Combined investment of the three companies is pegged at Rs 3,404 crore and is likely to generate 12,550 employment opportunities," it added. DMIC project is aimed at creating mega industrial infrastructure along the 1,483-km-long Delhi-Mumbai Rail Freight Corridor. Dholera (Gujarat) is the biggest of the eight industrial smart cities being developed in the first phase of the project. Overall, DMICDC is setting up 56 Greenfield smart industrial townships.

Related Stories

BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
Infosys lost arbitration case against former CFO due to lack of data deletion evidence
Infosys lost arbitration case against former CFO due to lack of data deletion evidence
Refiners may reduce oil imports as crude prices soar, rupee struggles
Refiners may reduce oil imports as crude prices soar, rupee struggles

Latest Stories

Aviation stocks fall as brent crude price crosses $80 per barrel
Aviation stocks fall as brent crude price crosses $80 per barrel
BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
Sensex loses over 500 points, Nifty falls below 11K level; auto, banking stocks lead losses
Sensex loses over 500 points, Nifty falls below 11K level; auto, banking stocks lead losses
SPONSORED