Swedish Blueair to set up India production unit

Sweden-based air purifier firm Blueair, which is aiming India to be among its top three markets globally in next five years, would set up a manufacturing base here.

The company expects to corner 20 per cent market share in the next five yearsBlueair is presently studying the Indian market, tax structures and various prospects and may announce a decision in this regard by the first quarter next year.

“Manufacturing is already on the cards and we are already studying the possibilities and understanding of the taxes and other environmental issues. We are in the process of that”.