Videocon to set up mobile assembly plant in Punjab

Chandigarh, Oct 29 (IANS) Domestic electronics company Videocon on Thursday said it set up a mobile assembly plant in Punjab which will generate employment for 3,000 people at an investment of Rs.500 crore over the next three years.

The company did not however identify the location of the proposed plant.

Addressing the ‘Progressive Punjab Investors’ summit, Videocon director Anirudh Dhoot said that the investment will be made over the next three years to assemble mobile handsets along with the manufacturing of set top boxes.

“I have visited several states, but the speed of progress, development and treatment given to industrialists in this state is of par excellence,” he said.

“With such futuristic step, the company aims to generate 3,000 employment in Punjab, thus creating a platform for skill development and give impetus to the growth of the economy,” he added.

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