Skyworth to hire 5,000 employees for its India plant
- IBEF
- December 11, 2019
Skyworth, the Hong Kong-based group intends to hire about 5,000 employees for its manufacturing facility in India. The company, earlier, announced an investment of around US$ 100 million in the next 3-5 years for the facility that will have a capacity to produce 40 lakh TVs a year when it is fully operational.
“We have sold about 4.8 lakh TVs in 2019, almost doubling the number in 2018. We are planning to produce 20 lakhs from next year,” said Mr Criver Lu, Managing Director (India) of Skyworth.
The company entered in a joint venture with a local company to establish the manufacturing facility to manufacture TVs, fridges, washing machines, air-conditioners and set-top boxes.
Though, the firm will first manufacture TVs, then followed by washing machines. It already has a manufacturing unit for TVs in Hyderabad, will consolidate its production at the new facility near the International airport.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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