Climaveneta to set new plant in Kolar, to invest Rs 400 crore
Mitsubishi Electric's firm Climaveneta has plans to expand its existing manufacturing plant at Narasapura in Kolar district. The firm would invest Rs 400 crore across two phases for the project. Spread over 2.5 lakh sq. ft., the facility will be India’s largest chiller manufacturing plant.
This investment comes as the firm aims to double its annual order intake within five years and plans to export to international markets, including the USA, Europe, and South Africa.
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