Tuesday, 14 June 2016

Godrej Appliances to invest Rs 200 cr to ramp up production :13 June 2016


  • Godrej Appliances will invest Rs 200 crore to hike production at its two manufacturing units.
  • "Godrej Appliances intends to undertake brownfield expansion at two of their existing home appliances manufacturing facilities based at Shirwal, near Pune, and Mohali in Punjab," the company said in a statement.
  • It further said: "Entailing an investment of around Rs 200 crore, the brownfield projects will help to ramp up production of air conditioners, washing machines and refrigerators at both locations."
  • Also Read: Godrej Appliances in tie-up with UK firm Sure Chill for medical refrigerators
  • Godrej Appliances Business Head and EVP Kamal Nandi said: "The proposed expansion will allow us to meet the increasing demand from customers and expand our footprint to an even larger area.
  • In April, Godrej Appliances had said it is planning to increase the number of exclusive brand outlets (EBOs) in the country within a year to 100 from 42 at present.

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