Vivo decide to invest 560 million USD in a new factory for smartphones in India

Vivo Smartphone

Was Vivo strongly compete in smart phone market in India, due mostly to its ability to manufacture its smart phones in the country than sing it from the payment of import duties, taxes and other add-ons.

According to the latest reports from New Delhi, It appears that the company Vivo plans to increase the number of its sources in India so that the frequency now that the company intends to expand its area amounting to 202 thousand square meters by the addition of approximately 684 thousand square meters to build new factory. It is estimated that the company Vivo will invest about 560 million USD in this new plant.

Approved on the decision in Uttar Pradesh before the US President, Mr. Shri Yogi Adityanath. He said representatives of the Chinese company, the current source produces two million smart phone per month and employs more than 5,000 people. Will the new expansion to ” improve the social and economic growth of a system of manufacturing in India through creating additional jobs, improving wages, and skills development “.

It is expected that the first phase of this expansion to create 5,000 jobs while the facilities are built. When everything is ready, you will see the benefits of strong productivity to 50 million units per year, leading to a doubling of the overall yield by about three fold.

Source.

 

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