India, March 10 -- Haier Appliances India has announced a new investment of Rs.1000 crore between 2024 and 2028 for expanding its AC manufacturing capacity by inaugurated a new Injection Molding facility at its Greater Noida plant. Haier claims that the new facility will create 3,500 new jobs and will significantly contribute to the local economy in Uttar Pradesh. The upcoming AC factory has an annual production capacity of 2.5 million units and will help the company to expand the overall annual capacity from 1.5 million units to a total of 4 million units. Not just that, Haier's new "Injection Molding facility" aims to improve production of key components, including PCBs.

In an interview with Debashis Sarkar of HT Tech, Haier Appliances...