Wistron to Set Up Laptop Manufacturing Unit in Karnataka

By By Rediff Money Desk, BENGALURU
Jan 31, 2024 20:22
Wistron, a Taiwan-based company, will invest Rs 1,500 crore to set up a laptop manufacturing plant in Karnataka, creating 3,000 jobs. The plant will produce laptops for all brands and export over 50% of its production.
Photograph: Anushree Fadnavis/Reuters
Bengaluru, Jan 31 (PTI) The Karnataka government and Wistron (ICT Service Management Solutions) signed a memorandum of understanding on Wednesday to set up a laptop manufacturing plant near here.

The Taiwan-based company would invest Rs 1,500 crore in this, which is likely to create around 3,000 employment opportunities.

Large and Medium Industries Minister M B Patil said the company has sought 32 acres of land for the proposed project, and the government is considering providing the required land in the surroundings of the Bengaluru region.

The company has planned to commence work related to setting up the plant in July, and to start manufacturing laptops by January 2026.

Claiming that this is going to be the first of its kind unit to manufacture laptops in Karnataka, the minister said the unit aligned to Industry 4.0 standards with a fully automated facility would make laptops for all brands and over 50 per cent of laptops made from here would be exported.

Further, the plant would produce Internet of Things (IoT) components and EV-related parts, he said.

Patil also highlighted that this move is not just about the production of electronics, it is also about fostering innovation, creating job opportunities, and positioning Karnataka as a leader in the electronics manufacturing industry.

Senior officials from Wistron and the state government were present at the signing of MoU.
Read More On:
laptop manufacturingwistronkarnatakaelectronics manufacturingiot
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Farm-to-Fork Price Gap: Govt to Set Up Committee

India's Agriculture Minister announces committee to address the vast price difference...

Rabi Crop Output Target: India Aims for Record...

India aims for record foodgrain production in the 2024-25 rabi season despite...

HDFC Bank to Sell Shares in HDB Financial...

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB...

Dalmia Bharat Q2 Profit Down 60.2% to Rs 49 cr

Dalmia Bharat's net profit declined by 60.16% to Rs 49 crore in Q2 FY25 due to falling...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs...

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a...

uBreathe Raises Rs 24 Cr for Air Purifier Growth

Biotech startup uBreathe aims to raise Rs 24 crore to expand its air purifier product...

Vedanta to Invest Rs 1 Lakh Cr in Rajasthan:...

Vedanta plans to invest over Rs 1 lakh crore in Rajasthan across zinc, oil & gas, and...

UCO Bank to Raise Rs 2,000 Cr via QIP in Q3 |...

UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement...

UCO Bank Profit Jumps 50% to Rs 603 Cr in Q2

UCO Bank reported a 50% surge in net profit to Rs 603 crore in Q2 FY25, driven by...

UCO Bank Q2 Net Profit Jumps 50% to Rs 603 Crore

UCO Bank's net profit surged by 50% to Rs 603 crore in the second quarter, driven by...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com