TCL to Invest Rs. 2,200 Cr in Tirupati Manufacturing Facility

- Advertisement -
- Advertisement -

TCL will start producing TV panels in the Tirupati manufacturing facility from December 2019 and the unit is expected to generate around 8000 job opportunities

TCL C2 TV Series

Global electronics major, TCL has come up with an investment of Rs. 2,200 crore to start a manufacturing facility in Tirupati, Andhra Pradesh. The company is planning to make around 60 lakh television panels from the new unit.

The new facility is spread across 158 acres of land at the electronics cluster in Tirupati and is expected to generate about 8,000 job opportunities in the state.

- Advertisement -

Result of electronic policies

“We have designed the electronic policy in such way that the units will come to the state with plans from design to death mode. Everything will be made in Andhra Pradesh,” Nara Lokesh, Minister of Information Technology, Andhra Pradesh, told TOI. He added that the state was already producing PCBs, chip designs, camera modules and batteries that were required in the electronic firms.

With TCL, Tirupati will turn into an electronics hub, said the IT Minister. The state government has been making efforts to draw investments across the world. It has also introduced policies to support the manufacturers in ease of doing business in Andhra.

TCL’s presence in India

TCL wants to expand its footprint in India through its new facility. The company, earlier, said that it was exploring the appliances market of mobile phones, washing machine, refrigerator and air conditioners. With the current investment of Rs. 2,200 crore in the consumer electronic goods manufacturing, TCL is expected to boost the opportunities for growth in the sector.

The company, reportedly, is growing at a rate of 37.2 per cent annually. During January-June this year, the company’s global sales crossed 13.17 million.

- Advertisement -

Related Artcles

6 COMMENTS

  1. Hi dear sir/madam iam interested TCL job iam completed ITI & multi skill technical course iam experience 6years industrial manufacturing department please contact my number:6300874787

  2. I need data entry job I am quick learner and will do work fast is there any vacancies please text or call me.Thank you

  3. Hi sir my name G. Munigopal . I am studied b. Com computer s , 9 years experience in manufacturing company if any jobs are available in tcl company please contact me sir my number 9949878797

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...
XR Headset Quest 3, Meta

Global XR Headset Shipments See A Major Decline, Sony Rises

0
Sony grabbed a market share of 24% in 2023 up from 1% in 2022. Bulky form factor, and lag, hinder adoption by serious...

Buzz

Tenstorrent- RISC V cores

MosChip Collaborates With Tenstorrent For Advanced RISC-V Cores

0
Tenstorrent has selected Moschip due to their tape out expertise in design services. India’s MosChip Technologies has announced partnership with computing company Tenstorrent and to...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Important Sectors

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Subsidy Cuts Push E2W Makers Towards Budget Models

0
Electric two-wheeler manufacturers face reduced government subsidies and growing competition from established petrol vehicle brands in the upcoming fiscal year. These challenges compel them...

Nissan To Invest In Renault’s Ampere For EV Roadmap

0
The alliance aims to introduce both five-seater and seven-seater models for each brand in India. Japan's Nissan Motor has committed to investing in Renault's electric...

Manufacturing

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...