Vivo is preparing to install its second plant in India, to strengthen its commitment to convert its products into the world’s second largest mobile phone market. The company announced Thursday that it has acquired 169 acres of additional land in the Yamuna Highway area of Uttar Pradesh, an estimated investment of 4 billion rupees over a four-year period.
The new land was acquired near Vivo’s existing 50-hectare production plant and will help the company “expand manufacturing capabilities and support continued growth in India”. The existing facility, which has an investment of 300 million rupees, already operates at a capacity of two million units per month and employs more than 5,000 people, according to Vivo. With its new facilities, the company plans to double current production capacity to 50 million units a year, and create more jobs.
- Vivo on Thursday announced that it has acquired additional 169-acre of land in Uttar Pradesh
- All Vivo smartphones currently sold in India are manufactured at its Greater Noida facility
“Vivo entered India in 2014 with a commitment to provide innovation, focus and product value to our consumers, India is a key market for us, and today we reaffirmed our commitment to enter the next phase of growth in India, while aligning with the “Make in India” initiative and we are proud that the new plant offers great benefits to the surrounding region through the creation of high quality jobs and training opportunities, “said Nipun Marya, Director of Brand Strategy at Vivo India.