• PAGE ONE
• INDEX
• HOME

Videocon to invest Rs 150-cr in Hyderabad facility

C.R. Sukumar

HYDERABAD, July 21

VIDEOCON International Ltd (VIL), the Rs 3,400-crore white goods major, is setting up a manufacturing unit at Hyderabad for Internet TVs, computer peripherals and Internet-controlled refrigerators and washing machines.

The company currently has facilities at Aurangabad, Bangalore, Bharuch, Kolkata, Hossur and Gandhinagar.

The VIL Managing Director, Mr P.N. Dhooth, told Business Line here that the Hyderabad manufacturing facility, involving a capital outlay of about Rs 150 crore to be spent over the next three years, would start commercial operations before the end of the current fiscal.

The facility would have an installed capacity of 10 lakh computer monitors, five lakh CTVs (colour TVs) and 2 lakh refrigerators and washing machines. This would take up the total capacity of Videocon to 1.5 million refrigerators, one million washing mac hines and 2.5 million CTVs, he said.

Stating that the company would confine its scope initially to the manufacture of Internet TVs, washing machines and refrigerators, Mr Dhooth said Videocon would consider making Internet-controlled room air-conditioners at the Hyderabad unit at a later st age.

Videocon has already acquired the land needed for the Hyderabad unit at the Hardware Technology Park coming up at Mamidipally, near here. The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, is expected to lay the foundation stone for the Videocon unit on July 30.

``We are going to donate 100 Internet TVs to the Andhra Pradesh Government at the ceremony on July 30 to be distributed to schools in the State. We are currently manufacturing the Internet TVs at our Aurangabad unit,'' Mr Dhooth said.