According to reports, Japan-based Mitzuki Corporation Ltd is entering the Indian market with the introduction of solar-powered products. The company, which is part of the UAE-based Legend Group, is introducing solar water heater, heat pump, solar inverter, solar lights, security cameras and other home security products.
“Apart from our research and development wing in Japan, we have three design and production bases in Malaysia, Taiwan and China. However, we are planning to invest Rs 300 crore to set up a production facility in Pune,” said Joji Mathew, managing director of Mitzuki. Initially, the company will sell the products manufactured in its Chinese and Malaysian plants. “At a later stage we will shift to the products from the Pune plant,” Mathew said.