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

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The Indian arm of Japan's Mitsubishi Electric Corp 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.

A logo of Mitsubishi Electric Corp is pictured at CEATEC JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS/Toru Hanaisaid on Tuesday that it will invest 18.91 billion rupees 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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