Mitsubishi Electric India, a wholly owned subsidiary of Tokyo-based Mitsubishi Electric Corporation, performed the Bhumi Pujan ceremony of their first-ever air conditioner and compressor manufacturing unit at Ponneri in Chennai on Wednesday.
Mitsubishi Electric Corporation plans to invest Rs 1,891 crore as 100% foreign direct investment towards the set-up of the AC and compressor manufacturing facility which will spread across a 52-acre plot.
