Chinese manufacturer Haier has returned to India, about 2 years after the distribution alliance with a local partner was terminated.
Haier Appliances India has forged alliances with several Indian appliance producers, including BPL and Voltas for sourcing products, and the parent company plans to eventually set up a manufacturing base in the country once sales reach a critical mass.
Announcing the company's operations in India, president and CEO T K Banerjee told reporters that the Chinese parent has taken government approval for investing Rs 300 million (U.S. $6.57 million) in the country initially. (Asia Pulse, PTI)
to Daily News