Yash Fans to Invest Rs 152.74 Crore in Chhattisgarh Plant, Generate 3,500 Jobs
The facility will be the state’s first consumer electronics manufacturing plant and marks an expansion of Chhattisgarh’s industrial base into finished-product manufacturing.
Sai said employment generation for the youth was a priority for the state government and that its Industrial Development Policy 2024–30 was aimed at attracting investments, strengthening manufacturing and creating job opportunities for local people.
Hyderabad-based Yash Fans manufactures electric fans and kitchen appliances, including products for brands such as Crompton, Havells, Usha and Milton. Products for these brands will also be manufactured at the proposed Nava Raipur facility, according to the project details.
The company’s chairman, Ritesh Naredi, said Chhattisgarh offered advantages for manufacturing expansion, including raw material availability, its geographical location, workforce and government support.
Yash Fans currently operates 12 manufacturing plants across Hyderabad and Himachal Pradesh. The Nava Raipur facility will be its first manufacturing unit in Chhattisgarh.
The project is expected to generate indirect business opportunities for suppliers, packaging companies, transport operators and other ancillary service providers, while expanding opportunities for local entrepreneurs.
Chhattisgarh, a major producer of steel, coal and power, is seeking to expand its manufacturing base by encouraging the production of finished goods within the state.
The new plant is expected to support local value addition by using industrial resources in consumer-product manufacturing.
Welcoming the company’s investment, the Chief Minister assured it of government support.
He said the project aligned with Prime Minister Narendra Modi’s ‘Make in India’ initiative.
The groundbreaking ceremony was attended by Commerce and Industries Minister Lakhan Lal Dewangan, Housing and Environment Minister O.P. Choudhary, Chhattisgarh State Industrial Development Corporation Chairman Rajeev Agrawal and other public representatives and officials.
