German based Siemens Home Appliances has said that it plans to set up a washing machine plant in Chennai as it plans to expand its operations in India has been reported.
Speaking at the sidelines of the inauguration of the company’s third brand store in Bangalore, Siemens India General Manager Sales for built-in appliances, Ajaz Vakil said that since work has not yet started on the proposed factory, no further details would be available.
Washing machines are the largest selling home appliance for the company in India, which presently has seven such brand stores in the country. Media reports put the investment at Rs 479 crore however Mr Vakil declined to comment or offer any further details about the proposed factory.
According to a release by the Tamil Nadu government, Bosch Siemens Home Appliances, a joint venture between Siemens Home Appliances and Bosch was allotted 42 acres of land in Pillaipakkam (near Kanchipuram) for the new factory on 2nd September 2011.
Bosch Siemens already manufacturer many products in other countries with plants in Turkey, Spain, China and many other countries around the world.