Business Companies 13 Dec 2018 Vivo ramps up manufa ...

Vivo ramps up manufacturing capacity in India, to invest Rs 4,000 crore

PTI
Published Dec 13, 2018, 2:46 pm IST
Updated Dec 13, 2018, 2:46 pm IST
Vivo expects to generate 5,000 additional jobs in the first phase of expansion.
Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers.
 Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers.

New Delhi: Chinese handset maker Vivo on Thursday said it will set up a new manufacturing facility in Uttar Pradesh, investing Rs 4,000 crore over a period of four years.

The company, which competes with the likes of Samsung and Xiaomi in the Indian market, has acquired 169 acre land in the Yamuna Expressway region, a statement said.

 

The new land has been acquired near the existing 50-acre manufacturing facility and will help expand Vivo's manufacturing capabilities and support Vivo's growth in India, it added.

“Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers. India is a key market for us, and today we have reiterated our commitment by entering the next phase of growth in India," Vivo India Director-Brand Strategy Nipun Marya said.

He added that the new plant will offer a major benefit to the surrounding area through high-quality job creation and training opportunities.

All Vivo smartphones sold in the country are manufactured at the Greater Noida facility, which is one of Vivo's four manufacturing facilities globally.

The existing manufacturing set-up, which saw an investment of Rs 300 crore, already functions at a capacity of 2 million units per month with more than 5,000 workforce.

Vivo expects to generate 5,000 additional jobs in the first phase of expansion, the statement said.

During this phase, Vivo also plans to double the current production capacity to 50 million units per annum, it added.

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Location: India, Delhi, New Delhi




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