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Business
Haier India to invest ₹7,000 crore in new facility in Andhra Pradesh
✍️ The Economic Times
🗓 19 Oct 2026, 01:37 AM
👁 27
Haier India announced a ₹7,000 crore investment to set up a new manufacturing facility in Andhra Pradesh, as reported by The Economic Times.
Haier India, the Indian arm of the global appliance brand, disclosed plans to allocate ₹7,000 crore for a new manufacturing complex in Andhra Pradesh. The capital will be used to build a large‑scale plant that will expand the company's production capacity in the southern state. The Economic Times reported that the investment reflects Haier's confidence in the Indian consumer‑goods market and is expected to stimulate local industrial activity. No further details on the project timeline or employment impact were provided at the time of the announcement.