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.
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