22 Acres land acquired by Gangnam Street Retail
Appliance manufacturing company, Gangnam Street Retail has acquired a 22-acre land parcel in Greater Noida to set up a manufacturing plant. The plant would be set up jointly with South Korea-based Dh Global Co Ltd.
The land is purchased for Rs 180 crore and the company will invest another Rs 400 crore in setting up the plant. This unit will focus on manufacturing refrigerators.
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