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

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000