New Delhi, Dec 13 :
Chinese handset maker Vivo on Thursday said it will set up a new manufacturing facility in Uttar Pradesh, investing Rs 4,000 crore over a period of four years.
The company, which competes with the likes of Samsung and Xiaomi in the Indian market, has acquired 169 acre land in the Yamuna Expressway region, a statement said.
The new land has been acquired near the existing 50-acre manufacturing facility and will help expand Vivo’s manufacturing capabilities and support Vivo’s growth in India, it added.
“Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers. India is a key market for us, and today we have reiterated our commitment by entering the next phase of growth in India,” Vivo India Director-Brand Strategy Nipun Marya said.
He added that the new plant will offer a major benefit to the surrounding area through high-quality job creation and training opportunities.
All Vivo smartphones sold in the country are manufactured at the Greater Noida facility, which is one of Vivo’s four manufacturing facilities globally.
