Videocon all Set to Invest in Mobile Assembly plant in Punjab

The company is likely to invest Rs. 500 crore over the next 3years. This will generate 3000 employment in Punjab. Videocon will also be manufacturing set top boxes in its new unit.

Videocon is set to invest Rs 500 crore for setting up Mobile Handset Assembly Plant in Punjab. Addressing the ‘Progressive Punjab Investors' Summit’, Anirudh Dhoot Director of Videocon announced that the investment will be made over the next three years to assemble mobile handsets along with the manufacturing of set top boxes.

With such futuristic step, the company aims to generate 3000 employment in Punjab, thus creating a platform for skill development and give impetus to the growth of the economy.

“We are happy to announce that Videocon would be setting up a Mobile assembly plant in Punjab. I have visited several States, but the speed of progress, development and treatment given to industrialists in this State is of par excellence.” said Anirudh Dhoot, Director, Videocon