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KOLKATA: Home grown white goods maker, Godrej Appliances on Monday announced plans to invest Rs 700 crore by 2022.

This latest announcement takes the total investment of Godrej Appliances in capacity and technology expansion to Rs 1,100 crore over a period of six years. The company is aiming to increase the annual appliance production capacity to 65 lakh units, it said in a media release.

The focus of the new investment is to add capacity, introduce newer technologies and carry out backward integration.

Godrej Appliances plans to double the current capacity for both fully automatic top load washing machines and semi-automatic washing machines at its Shirwal and Mohali plant respectively. The brand also plans to introduce a new product line for fully automatic front load washing machines with four lakh annual capacity.

For refrigerator, the brand further intends to augment the production capacity of both its premium and mass range by 33%. The investment is also directed towards manufacturing of power efficient chest freezers.

Part of the outlay will be for backward integration of air conditioners at the Shirwal factory.