Oppo Invests In Electronic Manufacturing Cluster
Chinese consumer electronics and mobile communications company, known for its smartphones OPPO, building upon their commitment to India are setting up a Greenfield Electronic Manufacturing Cluster (EMC) in Greater Noida, to manufacture electronics and support accessories locally in the country.
The project is being set up by TEGNA Electronics Private Limited a Special Project Vehicle (SPV) of Taiwan Electrical and Electronic Manufacture’s Association Limited (TEEMA), in partnership with OPPO and few Indian companies, under the support of the Department of IT & Electronics Govt. of Uttar Pradesh, and approved by the Ministry of Electronics and Information Technology, Government of India under its Electronics Manufacturing Cluster Scheme.
“With great connectivity, Uttar Pradesh offers many opportunities to companies looking to invest here. We want to establish UP as an electronics hub for which the government has been working on creating a conducive environment for investment,” said UP CM Yogi Adityanath.
The EMC will facilitate a common platform for electronics manufactures and exporters to come together and establish an integrated hub for manufacturing electronics and hardware. The project is expected to receive a total investment of Rs 3500 crores over a period of 5-10 years and approximately 2 lakh product units will be produced daily. The project is currently expected to be completed over a period of 18 months.
“As a brand that is consistently committed to bringing new and innovate products for our consumers, this opportunity will help us develop and manufacture and electronics for new technologies for new technologies right here in India. As India is an extremely important market for us, we aim to drive innovation locally through our industrial parks and R&D centers. The EMC in Greater Noida will help us build a local ecosystem for smartphone devices,” commented Tasleem Arif, VP and R&D Head, OPPO India.
House of the global leaders and manufacturing of electronics and support accessories, the EMC will also generate huge employment opportunities in the state, generating direct employment for around 25,000 – 30,000 persons.
The EMC will facilitate a common platform for existing electronic manufactures and exporters to come together and establish an integrated hub for manufacturing electronics and hardware primarily focused towards smartphones.