Tvm: Videocon Group, the leading consumer electronics brand with diversified business interests in white and brown goods, will invest Rs.200 crores in Kerala to set up a state-of-the-art Electronic manufacturing unit. This was announced by Rajkumar Dhoot, MD of Videocon Industries at a function in Thiruvananthapuram to celebrate the completion of 25 years of its operations in Kerala.
Welcoming the announcement, Minister for Industries & IT, Shri P K Kunhalikutty said, “The proposed Electronics Complex is a good start to the investment initiatives being planned by the UDF Government. This will set the tone for future investments in Kerala, at a time when we are planning the ‘Emerging Kerala’ road show.”
Pradeep Kumar Dhoot, Director, Videocon said, “The location of the proposed unit and the other details will be known in the next one week after discussions with the Department of Industries & Commerce. The Electronics Complex would manufacture consumer electronics and the facility would provide employment to about 1,000 people in addition to the 1,000 people who are already working for the company here.” Meanwhile sources in the Industries Department said that unit is likely to come up in Kochi.
As part of its Corporate Social Responsibility project, Videocon handed over 25 ambulances to the local Government hospitals and 100 LCD televisions to Government run schools. Minister for Health & Coir, Shri Adoor Prakash and Minister for Public Works, V K Ebrahim Kunj were also present on the occasion.
Kerala IT News