The Rs. 4,000-crore investment, that doesn’t include the price of the land, will also spur job opportunities in the region, additional Vivo that entered India in 2014.
The company, which competes in the Indian market with the likes of Xiaomi and Samsung, has obtained 169-acre land in the Yamuna Expressway area on the outskirts of their capital.
Handset maker Vivo said it will set up a manufacturing center in Uttar Pradesh as well as spend Rs 4,000 crore over a span of four years.
All Vivo tablets are being fabricated at the Greater Noida facility, which will be one of the four manufacturing factories of Vivo globally. With all the new facility, Vivo intends to double the production capacity to 50 million units per annum. Vivo currently has a distribution network across the country – both offline and online – catering to 539 cities in 27 countries and 5 union territories endorsed by more than 550 service centers. The giant in July set up among the world’s largest mobile production centers in Noida, Uttar Pradesh, that was inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in. “Vivo entered India in 2014 with a dedication to delivering product innovation, focus and value to our consumers. India is a key market for us, and now we have reiterated our commitment by entering another phase of growth in India,” Vivo India Director-Brand Strategy Nipun Marya said. This is the 2nd largest investment from a smartphone maker in Uttar Pradesh.
Vivo to Commit Rs. 4,000 Crores for New Mobile Phone Plant in India
The new land has been acquired near Vivo’s present 50-acre manufacturing center (in Greater Noida, UP), and it’ll help expand the organization’s manufacturing capabilities and support its own expansion in India, a statement said.
“India is a key market for us, and today we have reiterated our commitment by entering another phase of growth in India. We’re proud that the new plant will supply a major benefit to the surrounding region through high-quality job creation and training opportunities,” said Nipun Marya, Director-Brand Strategy, Vivo India. The present manufacturing setup, which saw an expense of Rs. 300 crores, generates two thousand units a month, with more than 5,000 individuals on the job.