Plans investment to the tune of Rs 310 crore
Kanpur, June 7
Samtel Group plans to increase its television picture tube manufacturing for both domestic and overseas markets with a total investment of Rs 310 crore.
"We will have a production capacity of 8.5 million picture tubes this year and around 10 million tubes next year, from the current capacity of half-a-million tubes," said Mr Satish Kaura, Chairman and Managing Director, Samtel Group.
A new manufacturing facility has been set up already in Kota, Rajasthan, besides expanding capacities at the existing plant in Dadri, Uttar Pradesh.
Out of the total production of about 10 million picture tubes next year, the company plans to export about 3-3.5 million units, said Mr Kaura. "We are also planning to manufacture plasma screens of 40-inch-plus sizes and also flat screens," he added.
The company has set up a prototype development centre for organic light emitting diode (OLED) screen at IIT - Kanpur. The Samtel Centre for Colour Display Technologies has been set up in collaboration with the Department of Science and Technology and IIT - Kanpur at a total cost of Rs 25 crore. The Union Minister for Science and Technology, Mr Kapil Sibal, dedicated the centre to the nation.
In the first phase, the centre will develop OLED screen for mobile handsets. Facilities for fabrication and characterisation have been set up at the centre.
The graduate and undergraduate students as well as the project scientists at IIT - Kanpur will contribute towards research at the centre.