Voltas to in­vest ₹500 crore

New fa­cil­ity to churn out air-con­di­tion­ers, cool­ing prod­ucts

The Hindu - - BUSINESS -

Voltas Lim­ited, a mar­ket leader in res­i­den­tial air-con­di­tion­ers in In­dia, plans to set up a new man­u­fac­tur­ing fa­cil­ity, spread over 65 acres, at Tiru­pati in Andhra Pradesh, at a cost of ₹500 crore.

This fa­cil­ity would ini­tially man­u­fac­ture and as­sem­ble air-con­di­tion­ers and re­lated cool­ing prod­ucts with a to­tal ca­pac­ity of more than one mil­lion units and is ex­pected to start rolling out prod­ucts from the sec­ond half of 2020, said the com­pany in a state­ment adding that the OEM base fa­cil­ity for home ap­pli­ances will pro­vide em­ploy­ment op­por­tu­ni­ties for lo­cals.

The new fa­cil­ity would be one of the first cool­ing ap­pli­ances units in the State of Andhra Pradesh.

The choice of Andhra Pradesh as the des­ti­na­tion for the new man­u­fac­tur­ing unit was due to the State’s ‘ease of do­ing busi­ness’ and grow­ing fo­cus on ‘Make in In­dia’.

Su­pe­rior mar­ket ac­cess

The cho­sen lo­ca­tion pro­vides dual ben­e­fits of su­pe­rior mar­ket ac­cess and cost ef­fec­tive con­nec­tiv­ity via road and port, ac­cord­ing to the state­ment.

Voltas would cater to the south, west and east­ern mar­kets through this unit.

Pradeep Bak­shi, MD & CEO, Voltas Lim­ited, said, “We are de­lighted to have laid the ground for the Voltas man­u­fac­tur­ing plant here in Tiru­pati. We are thank­ful to the Govern­ment of Andhra Pradesh and APIIC of­fi­cials for all the sup­port ex­tended.

“This fa­cil­ity will help us ex­pand our man­u­fac­tur­ing ca­pa­bil­i­ties while in­creas­ing our reach in the south­ern mar­ket. As a Tata Group com­pany, we have al­ways fo­cussed on cre­at­ing de­light­ful ex­pe­ri­ences for our cus­tomers and shall con­tinue to serve them even bet­ter through this plant.”

Pradeep Bak­shi

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