Jane Chen / Shanghai Daily news
In an attempt to consolidate its overseas business, China's leading home
appliance giant Haier Group will set up a research and development center in
India and move all its overseas R&D businesses there, today's Sina.com
reported.
The report cited T.K. Banerjee, president and chief executive
officer of Haier Appliances (India) Pvt Ltd, Haier's India unit.
At a
promotion for Haier's detergent-free washing machine, Banerjee said Haier India
plans to move Haier's R&D business overseas to India shortly and to
accelerate the development of products catering to the Indian market.
The
washing machine unveiled at the promotion is priced at US$769, and has a
capacity of 6 kilograms. It will be sold at Haier retailers throughout
India.
The product has received warm market response after its first
introduction to the global market in May, according to Banerjee.
"It's our
mission to provide products and services on a par with the international
standards," he said.