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Japan’s Mitsubishi Electric to build India plant for $231 mln

Mitsubishi Electric India will employ 2004 people for this project
reuters Reuters
09 May, 2023
Technology
A logo of Mitsubishi Electric Corp is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS
A logo of Mitsubishi Electric Corp is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS

BENGALURU: The Indian arm of Japan’s Mitsubishi Electric Corp (6503.T) said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu.

Mitsubishi Electric India will employ 2004 people for this project, it said in an official statement.

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