Daiwa to increase production capacity at Rs 50 crore investment
Television brand Daiwa India has decided to invest Rs 50 crore in its Greater Noida facility to expand production capacity.
Arjun Bajaj, CEO of the home-grown television brand, was quoted as saying by Moneycontrol that they want to expand their presence in the Tier 2 and Tier 3 markets in 2019.
According to Bajaj, they currently have three manufacturing units in Greater Noida, Ludhiana and Himachal Pradesh.
He added: “We also have our own R&D center and design house is in Shenzhen, China. We are expanding our production capacity at the existing Greater Noida Unit with an investment of over Rs 50 crore.”
Videotex International, the parent company of Daiwa, has been an original equipment manufacturing (OEM) firm for the last 35 years.
Image Credit : videotexindia.com