This new tranche will 'generate an employment of 12,000 people, direct and indirect', Satish told PTI (Image Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Haier India is planning to invest Rs 3,500 crore in a phased manner in the next 3-4 years to expand capacity as the appliances and consumer electronics maker aims to cross the $2 billion sales mark in the next two years, its President N S Satish said on Friday.

The company is in the process of setting up a new plant down south to cater to the export and local market as Haier Appliances India sees a 'huge opportunity' in the segments of air conditioners, LED, and washing machines and expects its market share to move into double digits.

This new tranche will 'generate an employment of 12,000 people

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