Domestic electronics company Videocon on Thursday said it will set up a mobile assembly plant in Punjab which will generate employment for 3,000 people at an investment of Rs.500 crore over the next three years. Also Read - D2h HD RF Set-Top box now available with 1 month Platinum HD Combo plan for Rs 1,799Also Read - Videocon D2h unveils a range of SD and HD add-on packs; prices start at Rs 7
The company did not however identify the location of the proposed plant. Addressing the ‘Progressive Punjab Investors’ summit, Videocon director Anirudh Dhoot said that the investment will be made over the next three years to assemble mobile handsets along with the manufacturing of set top boxes. Also Read - Reliance Jio, Tata Tele, Telenor, 2 others understated revenue by Rs 14,000 crore: CAG
“I have visited several states, but the speed of progress, development and treatment given to industrialists in this state is of par excellence,” he said. “With such futuristic step, the company aims to generate 3,000 employment in Punjab, thus creating a platform for skill development and give impetus to the growth of the economy,” he added.
Few months back Videocon said that it had started manufacturing mobile handsets at its Salt Lake facility in Kolkata. Earlier this year, the company had said that it was planning to start three manufacturing units in the country in Hyderabad, Kolkata and Madurai.