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China’s Midea Group to invest Rs 800 crore for Pune plant for making appliances

Placing India high in its scheme of things, Chinese appliance maker Midea on Friday announced a Rs 800 crore investment to set up a manufacturing facility in Pune. The unit will have a production line for appliances such as refrigerators, washing machines and water appliance products. Spread over 43 acres in Pune, the facility will employ 500 people and be operational by 2018-end...

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