We are planning to launch our products of consumer electronics in indian market manufactured in India. We have already got all the required approvals from govt.
The company is planning to set up a manufacturing plant by investing 1061.00 crores to produce consumer electronic products such as television, air conditioner (Solar assisted and 100% solar based), refrigerator (Solar assisted and 100% solar, CFC Free), washing machine (Solar assisted and 100% solar based), Water Filters (RO, UF and zero waste), Solar Panels, Vacuum cleaner (Traditional & Intelligent automatic), Food processor etc.
Along with the manufacturing plant there will be a research center as well to improve the technology. The company plans to hire 2500 skilled and unskilled employee at the initial stage and reach up to 6000 employees within 5 years.
The company plans to start with 40% Made in India for the initial year and reach up to 100% made in India within 3 years. The company has acquired technologies from different parts of the world and is joining hands with other companies as well to achieve the 100% made in India target.
The company plans to provide up to 3 years replacement guarantee to the end users for its products. Solar unit will produce solar cells for company’s own products requirement and remaining cells will be provided to solar energy based products manufacturers. Company is planning to create 100% energy independence after 10 years by setting up their own solar energy generation unit.
Acquired 200 acres of land already.
Got customized package from State government.
Purchased technology for production in India by investing 175.00 cr already
We are have big brands in our competition but our products durability and our planning to provide replacement gurantee for 3 years strights with lower prices will help us the achieve our investment and return good profit.
It is first of its kind project we are launching in india with 100% in house manufacturing of all consumer electronics. We are not going to import parts and Assemble them in india. Which will help us to grow.
If we are receiving loan on equity basis or ROI basis we can offer 12 to 20% returns on total investment. Where we are planning to schedule investment repayment from 5 to 10 years.