Elista's Rs 1 bn investment for manufacturing plant in Andhra
POWER & RENEWABLE ENERGY

Elista's Rs 1 bn investment for manufacturing plant in Andhra

Elista, an electronics manufacturer announced that it planned to invest Rs 1 billion in Andhra Pradesh. The investment is intended to establish a manufacturing facility for Smart LED TVs, smartwatches, audio speakers, and large appliances.

Elista has entered into a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to construct its second manufacturing plant in the state.

In March 2023, Elista had previously declared its intention to build a 1.32 lakh square feet facility in Andhra Pradesh, with an investment of Rs 2.5 billion.

The second plant, which is expected to become operational in December 2024, would enable Elista to enter the smartwatch market.

As per the company, "The firm aims to generate Rs 500 million in revenue from this product category by the next fiscal year. The state-of-the-art plant will have a production capacity of 10 lakh smartwatches and 2 lakh speakers, creating employment opportunities for approximately 500 individuals."

Saket Gaurav, Chairman and Managing Director, stated, "By expanding into the smartwatch segment, Elista aims to provide consumers with a comprehensive solution."

The initial manufacturing facility will concentrate on producing TVs and LED monitors, while the newly established plant will focus on audio equipment, smartwatches, and other large appliances.

Elista, a member of the UAE-based TeknoDome Group, was established in 2020. Its product range includes appliances such as LED televisions, washing machines, coolers, dishwashers, refrigerators, IT accessories, mobile accessories, and speakers.

Also read:
India to cease coal imports by 2025: Pralhad Joshi
SECL to develop closed coal mine in Korba District as Eco-Tourism


Elista, an electronics manufacturer announced that it planned to invest Rs 1 billion in Andhra Pradesh. The investment is intended to establish a manufacturing facility for Smart LED TVs, smartwatches, audio speakers, and large appliances. Elista has entered into a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to construct its second manufacturing plant in the state. In March 2023, Elista had previously declared its intention to build a 1.32 lakh square feet facility in Andhra Pradesh, with an investment of Rs 2.5 billion. The second plant, which is expected to become operational in December 2024, would enable Elista to enter the smartwatch market. As per the company, The firm aims to generate Rs 500 million in revenue from this product category by the next fiscal year. The state-of-the-art plant will have a production capacity of 10 lakh smartwatches and 2 lakh speakers, creating employment opportunities for approximately 500 individuals. Saket Gaurav, Chairman and Managing Director, stated, By expanding into the smartwatch segment, Elista aims to provide consumers with a comprehensive solution. The initial manufacturing facility will concentrate on producing TVs and LED monitors, while the newly established plant will focus on audio equipment, smartwatches, and other large appliances. Elista, a member of the UAE-based TeknoDome Group, was established in 2020. Its product range includes appliances such as LED televisions, washing machines, coolers, dishwashers, refrigerators, IT accessories, mobile accessories, and speakers. Also read: India to cease coal imports by 2025: Pralhad Joshi SECL to develop closed coal mine in Korba District as Eco-Tourism

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Next Story
Infrastructure Urban

Apollo Seeks Easier Visas to Boost Medical Tourism

Apollo Hospitals Enterprise has urged the government to implement a more liberal visa policy for overseas patients to strengthen India's medical tourism sector. "So our idea is to work with the government of India and really evolve this plan called Heal in India. We need enhanced E visas," Apollo Hospitals Enterprise Joint Managing Director Sangita Reddy said. She highlighted that competitor countries like Thailand, Turkey, the Philippines, and Singapore offer visas on arrival, making it easier for international patients to access treatment. "We are requesting the government to enhance the e..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?