Japan’s Mitsubishi Electric to build India plant for $231 million

BENGALURU (Reuters) – The Indian arm of Japan’s Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu.

Mitsubishi Electric India will employ 2004 people for this project, it said in an official statement.


($1 = 81.7800 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Dhanya Ann Thoppil)