Blue Star to invest ₹540 cr. in Sri City
The Hindu
It will be their first unit in South Indian and sixth in the country
Blue Star Climatech Limited, a wholly owned subsidiary of Blue Star Limited, has set foot in Sri City industrial zone of Chittoor district, with a plan to invest ₹540 crore in phases and provide employment to 1,500 people.
Blue Star Managing Director B. Thiagarajan performed the groundbreaking ceremony for its plant on Wednesday, where air conditioners and components will be manufactured as part of the Production Linked Incentive (PLI) scheme recently announced by the Union government.
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