Haier to set up Rs 3k cr manufacturing units at Greater Noida

Press Trust of India  |  New Delhi 

Appliances will invest Rs 3,069 crore to establish manufacturing units at an industrial township in Greater Noida, UP, DMICDC said today.

It has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township (IITGN) project for setting up manufacturing units, it said.

Besides, Chinese Mobile maker Forme's Indian subsidiary Trading has been allotted 3.5 acre land in IITGN for the same purpose.

"Trading plans to invest Rs 100 crore in its new mobile phone manufacturing unit at IITGN which is likely to create 600 direct and 1,000 indirect jobs," it added.

Satkriti Infotainment, a sister concern of leading Fenda Audio India, is another company to have been allotted land in the township project.

"Combined investment of the three companies is pegged at Rs 3,404 crore and is likely to generate 12,550 employment opportunities," it added.

DMIC project is aimed at creating along the 1,483-km-long Delhi-Mumbai Rail Freight Corridor.

Dholera (Gujarat) is the biggest of the eight industrial smart cities being developed in the first phase of the project. Overall, DMICDC is setting up 56 Greenfield smart industrial townships.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 22 2018. 18:55 IST