Mitsubishi Electric to invest ₹220 crore to set up factory in Maharashtra
The factory is expected to start operations in December 2023 and would expand the company's capabilities to meet the growing demand in India, it added.
The new two-floor, 15,400 square-metre factory will be built on 40,000 square metres of land near Pune.
"....(it) will help expand Mitsubishi Electric's
In addition, the facility will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions by using highly efficient air conditioning systems and LED lighting equipment.
It will also meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening.
Mitsubishi Electric India is in the business of "development, manufacture, sales and after-sales service of FA control system products, sales and after-sales services for air conditioners, semiconductors; manufacture, sales and after-sales service of electrical products for railway vehicles.
The company had recorded a revenue of 4,476.7 billion yen (USD 36.7 billion) in the fiscal ended March 2022.
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