Rs 300cr electronics plant to be set up in city

Ludhiana: Spelling good tidings for the district, especially the industrial sector, Dixon Technologies has decided to set up a Rs 300-crore electronic manufacturing plant in Ludhiana in a joint venture with the Bharti group. The company’s top management met chief minister Charanjit Singh Channi in Chandigarh on Tuesday to hold discussions. During the meeting, Channi said, “I am glad that Dixon is keen to build electronic manufacturing ecosystem in Punjab. I have a vision to bring transformational reforms in the state and to contribute immensely towards scaling up employment opportunities.”A statement issued by the CM office said, “The Punjab CM held a meeting with executive chairman of Dixon Technologies Sunil Vachani. They discussed matters pertaining to overall business opportunities for electronic manufacturing sector in Punjab.” A detailed presentation by Dixon, outlining the segment in which they serve, brands associated with them and growth plans, was made. Vachani apprised the CM of the joint venture (JV) with Bharti group with an investment of approximately Rs 300 crore, including land and building. He said they had received the production linked incentive (PLI) approval under the government of India’s PLI scheme for the telecom sector. Vachani said recently, Dixon Technologies and Beetel Teletech Limited had entered into a JV. The JV company, Dixon Electro Appliances Private Limited, has acquired manufacturing facility in Ludhiana. “Excellent infrastructure, policy incentives, great connectivity and abundant technical trained manpower supported by various prestigious educational and research institutions in Punjab were the deciding factors,” he added.