Voltas to set up `500 crore plant in Tiru­pati

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE - —PTI

New Delhi: Tata group firm Voltas Sun­day said it will in­vest over Rs 500 crore to set up a man­u­fac­tur­ing fa­cil­ity in Tiru­pati, Andhra Pradesh.

“This fa­cil­ity will ini­tially man­u­fac­ture and as­sem­ble air con­di­tion­ers and re­lated cool­ing prod­ucts with a to­tal ca­pac­ity of more than 1 mil­lion units to start with,” the com­pany said in a BSE fil­ing. Voltas said it aims to cre­ate tech­no­log­i­cally ad­vanced prod­ucts which are ex­pected to start rolling out from the sec­ond half of 2020.

The com­pany plans to in­vest over Rs 500 crore while putting to­gether an OEM (orig­i­nal equip­ment man­u­fac­turer) base for home ap­pli­ances, and si­mul­ta­ne­ously cre­at­ing lo­cal em­ploy­ment op­por­tu­ni­ties in the re­gion.

The man­u­fac­tur­ing fa­cil­ity, spread over 65 acres, will be one of the first cool­ing ap­pli­ances unit in Andhra Pradesh. Voltas, among the top ten com­pa­nies within the Tata group, pro­vides air con­di­tion­ing and engi­neer­ing so­lu­tions.

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