Intex Technologies is pumping in Rs 1,500 crore in its Greater Noida facilities in Uttar Pradesh to expand capacity across different assembly lines. The company’s head (retail) Vishal Malik was quoted as saying by Business Standard that so far, Rs 650 crore of this planned investment has already been injected […]
Consumer Electronics
Chief Minister of Haryana Manohar Lal Khattar has laid the foundation stone of Panasonic India’s first refrigerator plant in Jhajjar’s Dadri Toa village. Manish Sharma, president-cum-CEO, Panasonic India, said, “The company plans to invest Rs 115 crore and create a comprehensive ecosystem for manufacturing appliances in the Indian market. The […]
Akai, which is back in India, is planning to start a manufacturing facility in the country in the next few years. After re-entering into India in 2016, the company soft-launched its products (LED TVs, air-conditioners, washing machines and air-purifiers) and is focusing on ramping up its product portfolio and distribution […]
Havells India has started commercial production in its plant at Mouza – Modartola, Kamrup (Rural) district in Assam. The production started on March 20. Recently, the company approved the issue of Commercial Paper to Yes Bank for an amount of Rs 150 crore. The tenor of the issue is 88 […]
As part of its expansion plans in India, Chinese handset manufacturer Xiaomi has announced the setting up of its second manufacturing unit at Sri City, Andhra Pradesh. The plant is being set up in association with Taiwanese contract manufacturing giant, Foxconn. Xiaomi, which forayed into India in July 2014, said […]
AC major Blue Star Ltd was originally planning to set up two greenfield manufacturing plants in Jammu and Andhra Pradesh with an outlay of Rs. 300 crore (Rs 150 crore each). However now, it seems the air-conditioning products and solutions provider would drop the Jammu project and would go ahead […]
Intex Technologies is betting big on consumer durable business, as the company is planning to invest Rs 200 crore to produce air-conditioners from manufacturing facility in Uttar Pradesh. An established player in the affordable mobile segment, the firm is now eyeing to make inroads into ACs, washing machines and LED […]
Targeting to enter the ‘super-premium’ mobile handset category by launching products in the range of Rs 50,000-Rs 1,00,000, Sony is planning to set up a manufacturing facility in North East India. At present, talks are going on with different states. We do not deny the possibility of setting up of […]