Rs.2500 Million New Home Appliances Mfg. Facility in Andhra Pradesh
A company is planning to set up a new manufacturing plant in Kadapa, Andhra Pradesh to produce smart TVs and monitors. The project is expected to cost Rs. 2500 million and will be carried out in phases. The first phase of investment will be Rs. 500 million, which will produce nearly one million units of smart TVs and monitors. The company plans to expand the facility to produce other home appliances like refrigerators, washing machines, and dishwashers. The modern 1,32,300 sq ft facility is set to begin operation in the first quarter of 2024. A manufacturing plant for producing smart TVs and monitors will be set up by Elista India in Kadapa, Andhra Pradesh. The project is estimated to cost Rs. 2500 million and the investment will be made in phases, starting with Rs. 500 million. The company plans to commence production in Q1 2024 and expand to other home appliances. Pre-project activities are currently ongoing as of March 2023.
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