Tata group firm Voltas will invest over Rs 500 crore to set up a manufacturing facility in Tirupati, Andhra Pradesh. Voltas aims to create technologically advanced products which are expected to start rolling out from the second half of 2020. The company plans to invest over Rs 500 crore while putting together an OEM (original equipment manufacturer) base for home appliances, and simultaneously creating local employment opportunities in the region.
Voltas to invest over Rs 500 cr to set up air conditioner plant in Andhra
February 11, 2019