Lighting products, appliances, consumer electronics, etc
US-based General Electric will set up a multi-facility infrastructure manufacturing unit in India, employing at least 3000 people. Initially, the company will invest Rs 2.5 billion (Rs 250 crore), and the total investment will be $200 million (keep both figures in Rs or both in $). The facility will focus on equipment for the energy sector, besides aviation and the health sector. Within the next quarter, the company will announce the facility and the construction work will start in the second quarter (by September). Although the company has short-listed locations, it has not disclosed them.
Handsets, data cards
Noida-based handset maker Lava International will invest about Rs 1 billion (Rs 100 crore) to enhance its R&D capabilities in 2011. With this investment, the company aims to capture a sizeable chunk of the Indian handset market from MNCs. This expansion would be funded through internal accruals.
Toshiba Corporation will set up a manufacturing facility in India by the end of this year. Its Gurgaon-based R&D centre will also become operational soon. Toshiba currently imports all its products, mainly from Indonesia and Japan. But now it will begin local manufacturing of its products, starting with televisions, by the end of this year.
Research in Motion
Mobile phones, IT products
BlackBerry smartphones’ maker Research in Motion (RIM) will set up a manufacturing facility in India. Going by industry norms, setting up such a plant may involve an investment of anywhere between US$ 150-250 million to begin with. The company is exploring Chennai, Mumbai and Delhi as potential locations for the plant.