Videocon to start operations at its Tamil Nadu facility

- Advertisement -

The electronic consumer durables manufacturing facility of Videocon Group at Manamadurai in Sivaganga is likely to start operations in the next three to four months, said Rajkumar Dhoot, managing director of Videocon Industries. The project has been proposed with an investment of around Rs 16 billion, says a Business Standard report.

Speaking to reporters on the sidelines of Vision Tamil Nadu, a seminar organised by ASSOCHAM, he said, “The plant would be ready to commence operations in the next three to four months. We have so far invested Rs 8 billion in the plant.”

The new facility would be manufacturing various consumer electronic products, including washing machine, refrigerators and colour televisions.

- Advertisement -

There was some delay in the completion of the project due to the economic slowdown and related issues. However, work is in full pace now, he said.

The company would also look at exporting the products from the facility. It has identified demand for export of electronic consumer durables to countries like Indonesia and Malaysia.

According to reports in 2009, the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), the government agency that allots land for industrial projects, had allotted around 70 acre to Videocon to set up the plant in Manamadurai. The company currently has a manufacturing facility in Hosur.

The company is the largest manufacturer of colour televisions in India and though the market for cathode ray televisions are shrinking, it still has shortage in supply in states like Tamil Nadu and Karnataka, said Dhoot.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Near-Eye Display Shipments for XR Applications Set to Grow: Omdia

0
XR applications consist of Augmented Reality (AR), Virtual Reality (VR) and Mix Reality (MR) The report expects the near-eye display for the...

Tamil Nadu To Develop $100B Electronics Industry By 2025

0
The state government intends to encourage the development of private ESDM parks with a common infrastructure, amenities and waste-handling facilities to develop the state's...

Hyperview Picks Ambarella’s Automotive AI Central Domain Controllers for HPC Autonomous Driving Platforms

0
Ambarella’s CV3-AD family of AI central domain controller systems-on-chip will be used to develop autonomous driving high-performance computing platforms Through this initial cooperation,...

Exclusive

Near-Eye Display Shipments for XR Applications Set to Grow: Omdia

0
XR applications consist of Augmented Reality (AR), Virtual Reality (VR) and Mix Reality (MR) The report expects the near-eye display for the...

Pandemic Boosted Organic LED (OLED) Tablet Penetration

0
Samsung, making OLEDs since 2014, leads the way Emerging tech and declining manufacturing costs making OLED popular Apple expected to bring OLED iPads...

India’ 22: Premium Segment Share Up by 11%; Overall Fall in Smartphone Shipments

0
Smartphone shipments fell 9% YoY in 2022 in India The premium segment brought 35% of total smartphone market revenue in 2022; Apple led...

Important Sectors

Near-Eye Display Shipments for XR Applications Set to Grow: Omdia

0
XR applications consist of Augmented Reality (AR), Virtual Reality (VR) and Mix Reality (MR) The report expects the near-eye display for the...

Hyperview Picks Ambarella’s Automotive AI Central Domain Controllers for HPC Autonomous Driving Platforms

0
Ambarella’s CV3-AD family of AI central domain controller systems-on-chip will be used to develop autonomous driving high-performance computing platforms Through this initial cooperation,...

STMicro Designs Chip Using Synopsys AI, Azure Cloud

0
With more complicated designs, chipmakers are rushing to use artificial intelligence (AI) to fasten the chip design and development process. European chipmaker STMicroelectronics and semiconductor...

DroneBase Secures $55 M to Build Advanced Inspection Software

0
Valor Equity Partners invested $55 million in the drone imagery firm, which is working on building an AI-enabled asset-monitoring software development  DroneBase recently...

Tesla, Ford Price Cuts Yield No Increase In Production, Says Aptiv

0
Aptiv said that supply disruptions and inflationary cost impacts are likely to persist in 2023. Executives at Aptiv PLC said that the price cuts by...

Manufacturing

Tamil Nadu To Develop $100B Electronics Industry By 2025

0
The state government intends to encourage the development of private ESDM parks with a common infrastructure, amenities and waste-handling facilities to develop the state's...

STMicro Designs Chip Using Synopsys AI, Azure Cloud

0
With more complicated designs, chipmakers are rushing to use artificial intelligence (AI) to fasten the chip design and development process. European chipmaker STMicroelectronics and semiconductor...

Tesla, Ford Price Cuts Yield No Increase In Production, Says Aptiv

0
Aptiv said that supply disruptions and inflationary cost impacts are likely to persist in 2023. Executives at Aptiv PLC said that the price cuts by...
EV

Powertrain Developer Vitesco Technologies Joins Polestar 0 Project

0
Vitesco will work to make a zero-carbon emissions inverter for the OPolestar 0 project. German electric mobility solutions provider Vitesco Technologies has joined the Polestar...

IESA Conducts National Seminar on Future of Semiconductors in India

0
The two-day event--to discuss and formulate the future of semiconductors and ESDM space in India--is scheduled for Feb 07 & 08, at PDEU, Gandhinagar India's...