Mumbai: Japanese electronics and electrical equipments manufacturer, Mitsubishi Electric is planning to invest about Rs 300 crore by 2016. The investment would be mainly for equity infusion and capital expenditure, a company senior official told Business Line.
The official said that out of the total investment about Rs 80 crore would be invested in Chennai for manufacturing elevators and another Rs 100 crore for making air-conditioning equipment. The site for the air-conditioning unit has not been decided but it would be in North India.
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