JSW: China's Haier Group to Set Up India JV with JSW Group With Investment of Rs 1,000 Crore

Haier Group, a leading Chinese appliances manufacturer, is planning to set up a joint venture (JV) with India's JSW Group with an investment of ₹1,000 crore. This proposal has been submitted to the Indian government for approval, as it falls under Press Note 3 of 2020, which requires mandatory government approval for investments from countries sharing land borders with India. The JV aims to tap