11 February 2019 Current Affairs:
Voltas Limited, a market leader in residential air-conditioners in India, plans to set up a new manufacturing facility at Tirupati in Andhra Pradesh. The cost of the facility is Rs.500 crore. This facility would initially manufacture and assemble air-conditioners and related cooling products with a total capacity of more than one million units and is expected to start rolling out products from the second half of 2020.
The new facility would be one of the first cooling appliances units in the State of Andhra Pradesh. The choice of Andhra Pradesh as the destination for the new manufacturing unit was due to the State’s ‘ease of doing business’ and growing focus on ‘Make in India’.