DIXON TECHNOLOGIES TO SET UP AN ELECTRONIC MANUFACTURING PLANT IN LUDHIANA
AT A COST OF RS. 300 CRORE THROUGH JOINT VENTURE WITH BHARTI GROUP
EXECUTIVE CHAIRMAN SUNIL VACHANI CALLS ON CHIEF MINISTER
CHANNI OUTLINES VISION TO DEVELOP ELECTRONIC MANUFACTURING ECO-SYSTEM IN STATE
Chandigarh, (Gurpreet) The Punjab Chief Minister Charanjit Singh Channi here had a meeting with Dixon Technologies’ Executive Chairman- Sunil Vachani.
The dignitaries discussed matters pertaining to overall business opportunities for Electronic Manufacturing Sector in the state of Punjab. The meeting was followed by a detailed presentation by Dixon outlining the segment in which they serve and brands associated with the group. The presentation & discussion were also around Dixon’s growth plans in Punjab.
The Executive Chairman Sunil Vachani apprised the CM that Dixon shall be setting up an electronic manufacturing plant through a Joint Venture (JV) with Bharti group in Ludhiana with an investment of approximately Rs. 300 Crore including land and building. He further divulged that they had received the Production Linked Incentive (PLI) approval under the–Government of India PLI Scheme for the Telecom sector and accordingly Giving further details, Sunil Vachani informed that recently, Dixon Technologies and Beetel Teletech Limited had entered into Joint Venture Agreement. The JV Company-Dixon Electro Appliances Private Limited, had acquired manufacturing facility in the city of Ludhiana, Punjab.
Welcoming Dixon Technologies to Punjab, the Chief Minister appreciated Mr. Vachani and Dixon group for their outstanding contribution in the Electronic Manufacturing sector. “I am glad that organizations like Dixon, who are torch bearers in Electronic manufacturing sector, are keen to build electronic manufacturing eco system in the state of Punjab. I have a vision to bring transformational reforms in this state and to contribute immensely towards scaling up employment opportunities in the state of Punjab. With the help of organizations like that of Dixon, we are sure to achieve this vision for Punjab”, added Channi.
In line with Chief Minister’s vision for the state, Dixon also plans to generate notable employment opportunities by scaling up its production capacities in the state.
Lauding the Invest Punjab team headed by its CEO Rajat Agarwal, Sunil Vachani said that he had various meetings with him and made out a very strong case for setting up of a Electronic manufacturing project in Punjab. The Invest Punjab team had thereafter very proactively and continuously followed up with him as well. Excellent infrastructure, Policy Incentives, great connectivity, abundant technical trained manpower supported by various prestigious educational and research institutions in Punjab was a deciding factor, stated Mr. Vachani.
Principal Secretary, Investment Promotion, Mr. Tejveer Singh, assured Mr. Vachani of all possible support from Invest Punjab for setting up this project.