Over four decades old, Consumer electronics contract manufacturer (ODM/OEM), Videotex International, today announced its plans to set up a new LED TV manufacturing facility in Greater Noida, plans to invest over 100cr in next two years. With this, the company shall also upgrade its existing capacity in Greater Noida to 1.4 million TVs and new capacity to 1.8 million TVs, combined production capacity to 3.2 million TVs in a Year.
Between the two units, Videotex shall add fresh jobs, as per the new volumes defined. This includes the employees in Manufacturing units, back office and more. An increased capacity, shall also explore new job opportunities for the vendors associated with the company. With this, Videotex International aims to generate employment and build a strong ecosystem in sync with India’s Make in India manufacturing vision.
The company in its new 1,20,000 + sq.ft. smart manufacturing facility shall be installing, advanced manufacturing solutions & machineries, applying AI & ML technologies. The tech adoption shall be focussed on end to end digitization of the plant operations, automating the processes and workflow for a high efficiency in manufacturing. The factory of the future, shall enable a wide range of Industry 4.0 applications, making it one of the largest and the most advanced LED TV/ Smart TV manufacturing factory in the Indian consumer durables space in India.
The company has been manufacturing TVs for leading brands which includes – Realme, Hisense, Toshiba, Lloyd, Hyundai and over 15 leading brands of India. Videotex International is also the first Indian firm to be licenced as a manufacturer of webOS TVs, and it has on boarded 14 brands to manufacture webOS TVs in the country. Soon, the company will announce product expansion into the appliances and electronics categories.
Speaking on the announcement, Mr. Arjun Bajaaj, Director, Videotex International said, “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 & assembly in India. This move, has led to an encouraging response to domestic production. Currently many brands do not have the manufacturing set up in India, a duty leverage, inclines several TV manufacturers to look for trusted and reputed local partners with strong experience and expertise to meet their requirement. Videotex has been one of the oldest & largest contract manufacturer(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.”
“With the set-up of our new manufacturing unit, we strengthen our foothold & advance the government’s Make in India initiative. We further expect government to support in setting up component and display industry in India that will further give cost benefit to the manufacturers/brands and also open up export gates for India and become globally competitive, making India a Strong Manufacturing Hub.” he further adds.