Videotex to invest Rs 100 cr for new LED TV facility

Consumer electronics contract manufacturer Videotex International on Tuesday announced to invest over Rs 100 crore and set up a new LED TV manufacturing facility in Greater Noida that will create more jobs.

With this investment, the company said it will also upgrade its existing capacity to 14 lakh TVs and new capacity to 18 lakh TVs – taking the combined production capacity to 32 lakh TVs in a year.

The electronic contract manufacturing in India is projected to grow by over six-fold by 2025. The increased duty on imports of finished products has given a strong boost to local manufacturing and assembly in India, said Arjun Bajaj, Director, Videotex International.

Videotex has been one of the oldest and largest contract manufacturers (ODM/OEM), and has strong interest in leveraging the new opportunity, with superior technology and infrastructure in manufacturing that maintains competitive standing in global markets, he added

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