Consumer electronics contract manufacturing company Videotex International on Friday announced plans to invest Rs 100 crore in a new plant in Greater Noida. Actually, the company is going to set up a new LED TV manufacturing facility. For this, the company plans to invest more than 100 crores in the next years. In addition, the company will upgrade its existing capacity in Greater Noida to 1.4 million TVs and new capacity to 1.8 million TVs, a combined production capacity of 3.2 million TVs a year.
new jobs will be generated
Many people will get employment under this scheme. Videotex will also do new hiring. This includes employees of manufacturing units, back offices, etc. Not only this, due to increase in capacity, new job opportunities will come for the vendors associated with the company. Let us inform that Videotex International aims to generate employment and build a strong ecosystem plant in line with India’s Make in India manufacturing approach.
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What is the company’s plan?
This company is 1,20,000 + sq.ft. Smart Manufacturing Facility of Rs. Work will be done here with new technology. Digitization will focus on automating processes and workflows for higher efficiency in manufacturing. The company aims to make it the largest and most advanced LED TV/Smart TV manufacturing facility in the Indian consumer durables sector.