Videocon to Set up Mobile Assembly plant in Punjab, plans Rs. 500cr investment over next 3 years

In a recent development, tech consumer goods manufacturer, Videocon announced an investment of Rs 500 crore officially 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

Videocon offers a wide range of smartphones in India in the budget range including Videocon Z55 Dash, Z51 Punch, Z51 Q Star, Z51 Blaze,Z51 Nova+, Z45 Q Star and more. At the same time, the company also offers a wide array of devices in categories including LED TVs, refrigerators and more.