Resojet, a homegrown company from Telangana, has recently entered into a memorandum of understanding (MoU) with TCL to establish a joint venture. This joint venture aims to establish a manufacturing facility for consumer electronics. The MoU was signed in the virtual presence of K T Rama Rao, the industries minister.
The proposed facility in Telangana will mark TCL’s first manufacturing plant overseas, specifically for the production of washing machines. The scope of the facility will later expand to include the manufacturing of other consumer appliances like refrigerators and dishwashers.
The upcoming Resojet facility will be located in E-City, Raviryal, and will require an investment of INR 225 Crores. In its initial phase, the facility is expected to create employment opportunities for more than 500 individuals.
Biltrax Construction Data is tracking 25,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
