Haier, Forme Trading and Satkriti Infotainment to set up manufacturing units at Greater Noida.
Consumer electronics giant, Haier Appliances announced an investment of Rs 3,069 crore to establish manufacturing units at an industrial township in Greater Noida, Uttar Pradesh.
The company expects to generate direct employment for 3,950 people with this project, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) said in a statement. Haier has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up manufacturing units.
Apart from Haier, Chinese Mobile maker Forme’s Indian subsidiary Forme Trading has been allotted 3.5 acre land in IITGN for the same purpose. The official statement informed that Forme Trading plans to invest Rs 100 crore in its new mobile phone manufacturing unit at IITGN which is likely to create 600 direct and 1,000 indirect jobs.
Satkriti Infotainment, a sister concern of leading audio manufacturer Fenda Audio India, is another company to have been allotted land in the township project. According to the statement, combined investment of the three companies is pegged at Rs 3,404 crore and is likely to generate 12,550 employment opportunities.