Global consumer appliance major Midea Group is setting up a major technology park in Maharastra for manufacturing a range of products. The Chief Minister of Maharastra Devendra Fadnavis laid the foundation stone of the project last week. “I am delighted that Midea has decided to invest in setting up the technology park in our state. This development will help us in our journey of making Maharashtra a hub for manufacturing, production, and research,” he said on the occasion.
The Technology Park complex is being set up in Supa Parner, MIDC Industrial Park II near Pune on 68 Acres of land acquired in 2018. In line with the Government of India’s ‘Make in India’ policy, Midea has earmarked an estimated investment of Rs. 1,350 crores over 5 years for the technology park for manufacturing a range of consumer home appliances, air conditioners and compressors. The Technology Park will house three manufacturing units for Home Appliances, HVAC Products and Compressors.