US' BrightSKY commits Rs 500 crore for LED, telecom plant

Raipur: Florida-based company BrightSKY would set up a plant in Chhattisgarh for manufacturing electronics and telecom products. The company inked a deal to execute the proposal.

The plant proposed to come up in Naya Raipur — the upcoming new capital city of Chhattisgarh — would manufacture light-emitting diode (LED) bulbs, telecom and 4G WiFi devices.

The chief executive officer (CEO) of BrightSKY, Nick Shevillo, said the company had expertise in manufacturing telecom, cellular and LED devices.

It had been operating in the US, Italy and China. “The plant would be equipped with modern technology and the products (in Chhattisgarh facility) will be manufactured with smart technique,” he added. The company officials said effective and advanced LED system, and devices would be made available in the state.

They said the new generation 4G internet network should be spread across the country. High-speed internet service should be provided in the remote areas of the Bastar region, they added.

Under the agreement, the Americian company would be investing Rs 500 crore in the project. It would generate direct and indirect employment for over 600 people.

“The state government would provide all necessary assistance to the company (BrightSKY) for setting up the plant in Chhattisgarh and the officials have been given necessary direction in this regard,” Chief Minister Raman Singh said.

The project had been in the line of Prime Minister Narendra Modi’s model of “make in India” and “digital India”, Singh said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.