Videocon Industries, part of the Videocon Group, is reportedly planning to invest Rs 500 crore over the next three years to set up a new mobile handset assembly plant in Punjab, which will also manufacture set top boxes. This new plant will generate employment for 3000 people over a period of time in the state.Recently, the company tied up with Coolpad Group to manufacture phones for the Chinese telecommunications equipment company. The company aims to manufacture about half a million Coolpad devices at its facility in Maharashtra.
Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
