Dixon Technologies, a leading electronics manufacturing services firm, witnessed a 2% surge in its stock prices following the announcement of its ₹1,000 crore facility near Chennai. The project, set to be established at the Indospace Industrial Park in Oragadam, aims to bolster India’s electronics manufacturing capabilities and create 5,000 jobs in the region.
Here are five key highlights of the development:
- Strategic Location: The facility will be located approximately 45 km south of Chennai, in the Kancheepuram district, a hub for industrial growth.
- Focus on IT Hardware: The factory will specialize in producing laptops and all-in-one personal computers, catering to the growing demand for electronic devices.
- Employment Opportunities: The project is expected to generate 5,000 jobs, contributing significantly to the local economy.
- Government Collaboration: Dixon Technologies signed a Memorandum of Understanding (MoU) with the Tamil Nadu government, highlighting the state’s commitment to fostering industrial development.
- Boost to ‘Make in India’ Initiative: The facility aligns with India’s vision of becoming a global manufacturing hub, supported by favorable policies like the Production-Linked Incentive (PLI) scheme.
This milestone underscores Dixon Technologies’ pivotal role in advancing India’s electronics manufacturing sector while driving economic growth and employment.
