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Mitsubishi to set up manufacturing unit in Tamil Nadu with an investment of ₹1,891 crore

To set up the factory in the Tiruvallur district, Mitsubishi Electric India entered into an MoU with the Guidance Tamil Nadu.

ByPTI

Published May 09, 2023 | 5:02 PM ⚊UpdatedMay 09, 2023 | 5:02 PM

MK Stalin speaking during the MoU signing function. (Screengrab)

Electronic equipment manufacturer Mitsubishi Electric India has decided to set up a new manufacturing unit in Tamil Nadu at an investment of about ₹1,891 crore and the foundation stone was laid by Chief Minister MK Stalin in Chennai on Tuesday, 9 May.

To set up the factory in the neighbouring Tiruvallur district, top officials of Mitsubishi Electric India entered into a Memorandum of Understanding (MoU) with the Guidance Tamil Nadu, promoted by the state government.

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52-acre facility

The manufacturing facility for room air-conditioners and compressors is expected to come up on a 52-acre land owned by Origins by Mahindra in the Peruvoyal village of Gummidipoondi Taluk in the neighbouring Thiruvallur district.

Through a video conference facility, Stalin formally laid the foundation stone for the manufacturing facility along with the Minister of Industries Thangam Thennarasu, additional chief secretary industries department S Krishnan, and Mitsubishi Electric India MD Kazuhiko Tamura among others.

Mitsubishi Electric India shall be investing ₹1,891 crore by way of one hundred per cent foreign direct investment. The facility would create over 2,000 jobs of which 60 percent would comprise women employees, the company said.

தெற்காசியாவின் உற்பத்தி மையமாகத் தமிழ்நாட்டை உயர்த்தும் நமது முயற்சிகளின் முக்கிய நகர்வாக, உலகின் முன்னணி மின்னணுவியல் நிறுவனமான மிட்சுபிஷியின் Air Conditioners மற்றும் Compressors ஆலையைத் திருவள்ளூர் மாவட்டத்தில் அமைப்பதற்கு அடிக்கல் நாட்டினேன்.

1891 கோடி ரூபாய் முதலீட்டில்… pic.twitter.com/Qup3IAvvRX

— M.K.Stalin (@mkstalin) May 9, 2023

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Initiatives for carbon neutrality

The factory would implement various initiatives for carbon neutrality including the minimisation of carbon dioxide emissions through enhanced thermal insulation, and the use of highly efficient air-conditioning and heated water systems.

Company officials said the commercial production at the facility was expected to begin in October 2025 and the initial capacity of room air-conditioners would be three lakh units and 6.50 lakh for compressors by December 2025.

The manufacturing unit would meet sustainable development goals through measures such as reusing wastewater through underground filtration treatment and site greening, the company said.

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