Aaj English TV

Friday, November 22, 2024  
19 Jumada Al-Awwal 1446  

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

Mitsubishi Electric India will employ 2004 people for this project
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.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

india

electricity

Japan