Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Project

China's electronic giant to construct technology park in India

November 06, 2018


Abstract : Midea Group, Chinese electrical appliance manufacturing company, has started construction of a Science and Technology Park in western India.

MUMBAI, Nov.2 (Xinhua) -- Midea Group, Chinese electrical appliance manufacturing company, has started construction of a Science and Technology Park in western India.

The Chinese consumer appliances maker said on Monday that it will invest 184.63 million U.S. over the next five years in Ahmednagar in western Maharashtra state to set up a technology park.

During the last decade, Midea has estimated several increasingly high-profile projects, peaking with the most recent wins to install large-scale heating, ventilation, and air conditioning (HVAC) solutions in all the 12 stadiums for the Rio Olympic Games in 2016, as well as 9 of 12 stadiums for the World Cup in Brazil in 2014.

The park is expected to start function from 2020, and is looking forward to producing 500,000 refrigerators, washing machines, water purifiers and water heaters, 1.5 million household air conditioners, 250,000 commercial air conditioners and 4.5 million air conditioner compressors every year.

The founder of Midea Group He Xiangjian said, "We are happy to begin work on our new facility in India. True to the Midea spirit of pioneering and sharing, this technology park will create leading products for India and transform the company for the future."

Scan the QR code and push it to your mobile phone

Keyword: China India home-appliance

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial