+
Damson Tech Invests ?150 Million in Indian Production Shift
ECONOMY & POLICY

Damson Tech Invests ?150 Million in Indian Production Shift

Damson Tech, a leading electronics manufacturer, is set to relocate its smart gadgets production to India, investing a whopping ?150 million in the first year alone. This strategic move aligns with the company's vision of expanding its global footprint while capitalizing on India's growing market potential and conducive business environment.

With this significant investment, Damson Tech aims to leverage India's skilled workforce and robust infrastructure to enhance its production capabilities and meet the increasing demand for smart gadgets in both domestic and international markets. The company plans to establish state-of-the-art manufacturing facilities equipped with cutting-edge technology to ensure high-quality production standards.

This transition to India marks a milestone for Damson Tech, positioning the company to tap into the country's vast consumer base and capitalise on the burgeoning electronics sector. By localising production, Damson Tech aims to streamline operations, reduce costs, and offer competitive pricing to consumers, further strengthening its market presence.

Moreover, the move underscores Damson Tech's commitment to sustainable and ethical business practices. By shifting production to India, the company seeks to contribute to the country's economic growth, create employment opportunities, and foster technology transfer, thereby empowering local communities and supporting India's development goals.

The decision to invest ?150 million in the first year underscores Damson Tech's confidence in India's potential as a manufacturing hub and its long-term commitment to the market. As the company embarks on this transformative journey, it remains dedicated to innovation, quality, and customer satisfaction, striving to deliver cutting-edge smart gadgets that enrich lives and redefine the future of technology.

Damson Tech, a leading electronics manufacturer, is set to relocate its smart gadgets production to India, investing a whopping ?150 million in the first year alone. This strategic move aligns with the company's vision of expanding its global footprint while capitalizing on India's growing market potential and conducive business environment. With this significant investment, Damson Tech aims to leverage India's skilled workforce and robust infrastructure to enhance its production capabilities and meet the increasing demand for smart gadgets in both domestic and international markets. The company plans to establish state-of-the-art manufacturing facilities equipped with cutting-edge technology to ensure high-quality production standards. This transition to India marks a milestone for Damson Tech, positioning the company to tap into the country's vast consumer base and capitalise on the burgeoning electronics sector. By localising production, Damson Tech aims to streamline operations, reduce costs, and offer competitive pricing to consumers, further strengthening its market presence. Moreover, the move underscores Damson Tech's commitment to sustainable and ethical business practices. By shifting production to India, the company seeks to contribute to the country's economic growth, create employment opportunities, and foster technology transfer, thereby empowering local communities and supporting India's development goals. The decision to invest ?150 million in the first year underscores Damson Tech's confidence in India's potential as a manufacturing hub and its long-term commitment to the market. As the company embarks on this transformative journey, it remains dedicated to innovation, quality, and customer satisfaction, striving to deliver cutting-edge smart gadgets that enrich lives and redefine the future of technology.

Next Story
Infrastructure Energy

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

Next Story
Infrastructure Transport

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Next Story
Infrastructure Transport

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?