Chinese appliances maker Haier plans to invest Rs.370 crore in its Pune plant to scale up operations. The company has signed a memorandum of understanding with the Maharashtra government in this regard. The investment will be used to expand manufacturing capacity of refrigerators besides adding new products, such as washing machines, air-conditioners, LED television panels, water heaters and deep freezers, to the production line. At present, one-third of the plant’s 40-acre area is used for manufacturing refrigerators. It has a capacity of one million units per year. The company also plans to increase its manpower 120% to 2,600 employees across the country by 2017. (Source: The Economic Times, Mumbai, 29 May 2015)