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Frascold India to set up manufacturing facility at Matoda

Frascold India, an Italy based cooling solutions provider is setting up a manufacturing facility in Matoda in Gujarat with an investment of Rs. 600 million. The company is set up under a joint venture between Italy's Frascold and co-promoters Subash Aggarwal and Selvraj Rangaswamy. The facility will have an initial capacity of 7500 units and will expand to manufacture compressors at a later stage. With FDI in retail being allowed, Walmart, Tesco, IKEA entry is likely to boost market for cooling solutions.

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