Homegrown consumer electronics brand Mivi on Friday, April 5, started the construction of its new research and development (R&D) facility in Hyderabad. This facility will integrate India’s first R&D with manufacturing at an estimated investment of INR 200 Crore.
The upcoming facility will integrate state-of-the-art technologies and adhere to environmental sustainability standards. It will have a manufacturing capacity of 100,000 units per day and will produce a wide range of audio products, such as earphones, soundbars, speakers, gaming accessories, and related merchandise. This expansion will effectively double the company’s production capacity.
Also Read: India’s Top Upcoming Mixed-Use Development Projects in 2024
Alongside producing exceptional products, it will generate opportunities and a positive impact nationwide. Notably, it will house component manufacturing for wearables, presently non-existent in India. The company emphasised its strategic outlook, collaborating with renowned international brands as well as a product development and manufacturing partner.
Biltrax Construction Data is tracking 30,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, 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 herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0
