Chinese handset maker Vivo 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
"India is a key market for us, and today we have reiterated our commitment by entering the next phase of growth in India. We're proud that the new plant will offer a major benefit to the surrounding area through high-quality job creation and training opportunities," said Nipun Marya, Director-Brand Strategy, Vivo India.
According to the company, Chief Minister Yogi Adityanath welcomed the initiative and congratulated it for the upcoming facility.
Currently, all Vivo smartphones sold in the country are being manufactured at the Greater Noida facility, which is one of Vivo's four manufacturing factories globally.
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