CHENANI: Air-conditioner maker Blue Star Ltd plans to set up two manufacturing facilities at Jammu and Sri City Special Economic Zone near Chennai with a total outlay of Rs 175 crore that would help double its capacity over the next two years, a top official said.
“We have zeroed in on two locations at Jammu and Sri City (Special Economic Zone). Investments as I have said already will be around Rs 175 crore. In the first phase, we expect total capacity (of both plants) to be about half a million units,” Blue Star Executive Director B Thiagarajan said.
Thiagarajan told reporters that the company was targeting 25 per cent growth in 2016-17, garnering 12 per cent market share.
“We have set target in room air conditioning business to 25 per cent and achieve 12 per cent market share. Current market share is 10.5 per cent,” he said. (AGENCIES)
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