Leading manufacturer of consumer durables Haier Appliances India would invest Rs 400 crore in the facility's upcoming phase of growth in the Uttar Pradesh district of Noida-Greater Noida.

The most recent endeavour from the industry giant in home appliances aims to increase its capacity for production and backward integration.

Set up at a cost of Rs 1,600 crore, the facility in Noida Industrial Area is already feeding the firm’s requirements for the India market by rolling out large appliances like refrigerators, air conditioners and washing machines.

The next phase of expansion is aimed at growing its component ecosystem and focused on establishing a plant for injection moulding and sheet metal - key ingredients for large home appliances.

While the second phase of expansion will be complete by November 2024, the facility is already the largest manufacturing unit for air conditioners, washing machines, and refrigerators in the region for Haier, and has produced 2 million appliances, it said. Haier India is a subsidiary of Chinese appliances giant Haier Group, headquartered in Shandong, China.