Electrical ProductsLatest NewsNews Snippets

Veira Electronics to Invest 450 Cr. for Manufacturing Plant in Uttar Pradesh

Veira Electronics Private Ltd. will be investing Rs. 450 crore to set-up a manufacturing plant for air coolers and washing machines in Greater Noida. Currently, the company manufactures about 1 lakh units per year, and with this new facility the company targets a production capacity of approximately 5 lakh units per year.

Veira Electronics currently produces air coolers for 23 Indian and international brands and washing machines for 25 brands. The company operates two manufacturing factories in Noida, one in sector 81 and the other in sector 85. Together these factories cover a total area of 5 lakh square feet.

Commenting on this development, Mr. Ankit Maini, Managing Director of Veira Electronics, said “This expansion marks our commitment to serving both domestic and international markets”.