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Videocon To Invest Rs 100 Crore Next Year In R&D, Manufacturing Capacities (12-Dec-2011)

Indian-Commodity  :  Investment  :  Videocon To Invest Rs 100 Crore Next Year In R&D, Manufacturing Capacities
Videocon To Invest Rs 100 Crore Next Year In R&D, Manufacturing Capacities
Videocon Industries is likely to invest over Rs 100 crore next year in research and development and in enhancing manufacturing capacities. The company is aiming to strengthen its position against Korean giants like LG and Samsung. The company used to invest Rs 50-60 crore in research and development every year.

The company plans to come up with entire new range on most products. The company is lining up an entire new range in washing machines as well as in LED television segment. Besides, it plans to introduce more range in the Smart TV category.

The entity is also developing its manufacturing units both in Uttarakhand and Maharashtra. It will make another Rs 50 crore investment for the new lines and on upgrading the technology.
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