India an investment hotspot for Chinese appliance makers

Midea Group, a major Chinese electrical appliance manufacturer, kicked off the construction of a 13.5-billion-rupee (US$190 million) Science and Technology Park in India, Yicai.com reported. The Group is planning to turn the 270,000-square-meter parcel into a production base for household appliances, HVAC and air-conditioning compressors over the next five years. The park will operate in […]