Kodak TV India announces investment of Rs 500 Cr as part of its Make in India initiative
Kodak TV India will invest more than Rs 500 cr over the next three years in a fully automated TV manufacturing plant in Hapur, Uttar Pradesh as a commitment to ‘Make in India’ initiative, and leverage its Android certification.
The new plant will develop Android TV products and Kodak wants to manufacture affordable Android smart TVs for India.With this announcement, Kodak TV India aims to become one of the first Indian companies to invest in TV manufacturing within the country.
Avneet Singh Marwah, Founder and CEO, Super Plastronics Pvt Ltd (SPPL)–exclusive Kodak Brand Licensee in India–said, “Currently, the Indian TV industry imports most of the raw materials and has a value addition of only 10-12 percent. However, with this investment, Kodak HD LED TV aims to increase value addition to 50-60 percent. The new plant and R&D Centre will help manufacture technology-driven products and introduce more manufacturing lines aligned to Make in India."