- An investment of Rs 7,500 crore will be made over a longer time frame
- The company plans to add another 5000 employees as part of the second phase of the expansion plan
- Vivo’s existing manufacturing set-up in India has a capacity of 25 million units per annum
According to a recent report by ET, Vivo is evaluating the prospects of starting exports from its Indian facilities. The company reportedly rolled out phase 1 of the manufacturing facility in WTC Tech Zone, Greater Noida, Uttar Pradesh, taking its annual manufacturing capacity to 33.4 mn units. The facility will produce 8 million devices annually.
Nipun Marya, director-brand strategy at Vivo India, informed the news daily that they are open to exports and are waiting for the right time. They didn’t have the capacity for domestic needs and the focus is to increase capacity for the same.
Investment of Rs 7,500 crore
Marya added that an investment of Rs 7,500 crore will be made over a longer time frame.
Also, the BBK electronics-owned company has added 2000 names in its employee roll. The company also plans to add another 5000 employees as part of the second phase of the expansion plan which is likely to roll out by the middle of next year. Vivo’s existing manufacturing set-up in India has a capacity of 25 million units per annum and a workforce of 8000 people.
