+
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
Equipment

Liebherr secures 130-dozer deal with Turkey’s State Hydraulic Works

Liebherr Turkey has signed a major equipment supply agreement with the Turkish State Hydraulic Works (DSİ) for the delivery of 130 crawler tractors to be used across the country’s key infrastructure and environmental projects.The agreement covers 120 PR 756 Litronic and 10 PR 736 Litronic crawler tractors, with production scheduled at Liebherr’s facility in Telfs, Austria. This marks a significant continuation of the long-standing collaboration between DSİ and Liebherr, which began over a decade ago with the delivery of PR 754 Litronic dozers.Designed for heavy-duty operations, the PR 75..

Next Story
Infrastructure Transport

Noida to Revamp Transport Nagar Chowk with Rs 4-Crore Beautification Plan

The Noida Authority has unveiled plans to redevelop Transport Nagar Chowk in Sector 67 with a Rs 4-crore beautification project. Aimed at enhancing connectivity, accessibility, and urban aesthetics, the project will upgrade a 500-metre stretch along DSC Road with modern, inclusive, and sustainable infrastructure.Officials stated that the stretch will be enhanced with ornamental lighting, sculptures, seating areas, bollards, food kiosks, and ramps for differently-abled individuals. A tender for the project is expected to be issued soon.Neelima Rana, partner at Orionn Architects—the firm behin..

Next Story
Infrastructure Transport

Centre Approves Noida Metro Extension to Bodaki Multimodal Hub

The Central government has approved the extension of the Noida Metro Aqua Line from Depot Station to the upcoming Multimodal Transport Hub (MMTH) at Bodaki, marking a major push for enhanced connectivity in the National Capital Region (NCR). The 2.6-km extension is expected to be completed within three years.The project, already cleared by the Uttar Pradesh Cabinet, will now move to the construction stage under the supervision of the Noida Metro Rail Corporation (NMRC). The extended route will include two additional stations — Junpat Village and Bodaki — connecting to the MMTH, which will ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?