Voltas plans compressor manufacturing unit
Leading domestic air-conditioner maker Voltas plans to set up a compressor manufacturing unit in partnership with an international partner and will invest around Rs 500 crore, said a top company official.
The Tata Group firm is planning to invest in a joint venture company, with an international partner, which requires PN3 (Press Note 3) approval, said its Managing Director and CEO Pradeep Bakshi.
Bakshi did not share any details of its international partner, but said it is one of the largest compressor manufacturers globally.
"For that, we have already filed for PN3 approval and we are waiting for it. Once it is done, we will be setting up the plant," Bakshi told PTI, on the sidelines of an investors roundtable on production-linked incentive (PLI) schemes held on white goods.
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