Aequs to invest Rs 3,540 crore for home appliances cluster in Karnataka's Dharwad

Saturday, 28 Nov, 3.39 pm

The Aequs Private Limited, a Belagavi-based global precision manufacturing company, has come forward to invest Rs 3,540 crore to set up a consumer electronics and durable goods' cluster at Itagatti near Dharwad.

Aequs Private Limited Chairman & CEO Aravind Melligeri and MD & CEO Rajeev Kaul met Union Parliamentary Affairs Minister Pralhad Joshi in New Delhi on Tuesday and discussed the plan.

The duo, along with Joshi, met Union Commerce Minister Piyush Goyal, and Invest India managing director Deepak Bagla. Goel has assured the company all necessary help from the Union government to set up the cluster.