pennews
www.pennews.net
OPPO invests in Electronic Manufacturing Cluster in Greater Noida
Business

OPPO invests in Electronic Manufacturing Cluster in Greater Noida

Agency News

New Delhi, Jan 25: OPPO, a leading global smartphone brand, is setting up a Greenfield Electronic Manufacturing Cluster (EMC) in Greater Noida, to manufacture electronics and support accessories locally in the country as well as generate huge employment opportunities in the state.

The project is being set up by TEGNA Electronics Private Limited, an SPV of Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), along with OPPO and a few Indian companies, under the support of the Department of IT and Electronics of Uttar Pradesh, and an approval on principle by the Ministry of Electronics and Information Technology (MeitY).

The EMC will facilitate a common platform for existing electronic manufacturers and exporters to come together and establish an integrated hub for manufacturing electronics and hardware - primarily focused towards smartphones.

The EMC will not only bring together strength in volumes of production and offer an attractive scale

of operation to buyers, but also incorporate state-of-the-art infrastructural facilities for the stakeholders.

The Cluster houses facilities like tool room, R&D lab for manufacturing electronic products along with other manufacturing and support services. It will house some of the global leaders in manufacturing of electronics and support accessories. The EMC will also generate huge employment opportunities in the state, generating employment for around 25,000 - 30,000 persons.

Located in Ecotech-VI at the Industrial Township in Greater Noida, the EMC is expected to receive a total investment of approx Rs 3500 crore over a period of 5-10 years and will produce close to an approximate of 2 lakh product units daily.

The project is currently expected to be completed over a period of 18 months.

India continues to be a high priority market for OPPO and the centrepiece of the company's global growth strategy. Through such efforts, OPPO continues to strengthen its commitment towards the country, by building innovative and exciting new technologies for the people of India, locally in the country. (UNI)