Blue Star to Invest Rs 550 cr on New Manufacturing Unit at Sri City
Blue Star to Invest Rs 550 cr on New Manufacturing Unit at Sri City

Air conditioning and commercial refrigeration major Blue Star Climatech plans to invest Rs 550 crore over the next few years to set up a new manufacturing facility at Sri City, in Chittoor district of Andhra Pradesh, the company said in a media release.

Blue Star Climatech, a newly formed wholly-owned subsidiary, spread in an area of 20 acres, is expected to create employment opportunities for around 1,500 people. The construction of the first phase of 30,000 sq meters will be completed by July 2022.

The facility will be operational by Q2 FY23 and will primarily manufacture room ACs with a maximum capacity of 12 lakh units per annum, it said.

Blue Star Climatech has filed an application for the manufacturing of heat exchangers and sheet metal components at this facility in Sri City under the Indian government's PLI scheme.

B Thiagarajan, Managing Director, Blue Star said, "Aligning ourselves to the ‘Make in India’ initiative and by leveraging on the PLI scheme by the Indian government, we intend to manufacture certain components in-house at this facility."

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