📋 Tender Overview
Scope : To Manufacture Air-Conditioner Compressors in Chennai, Tamil Nadu
Voltas has revived its plans to manufacture air-conditioner compressors in India by forging a partnership with a firm from either Japan or Korea. The home appliance manufacturer has lined up investments of over Rs 1,300 crore to make components like compressors, capacity expansion, and manufacturing of newer home appliances.
The compressor project will involve investment of over Rs 350 crore, while the company is also investing Rs 500 crore immediately in the Chennai plant to produce air conditioners. This will be followed by a round of infusion of another Rs 500 crore in it over the next four to five years.
