The proposed facility in Telangana would be TCL's first overseas facility for manufacturing washing machines.
Published Jun 29, 2023 | 12:29 PM ⚊ Updated Jun 29, 2023 | 12:29 PM
Telangana based Resojet entered into a MoU with TCL. (KTRBRS/ Twitter)
Telangana’s homegrown company Resojet Pvt Ltd has entered into a Memorandum of Understanding (MoU) with TCL Electronics Holding Limited for forging a joint venture to setting up a state-of-the-art consumer electronics manufacturing facility in the state.
An official release on Wednesday, 28 June, said the MoU was signed in the virtual presence of Minister for Industries KT Rama Rao.
TCL is one of the largest consumer electronics manufacturing companies in the world based out of Hefei, China. The proposed facility in Telangana would be TCL’s first overseas facility for manufacturing washing machines, and would further expand to manufacturing of other consumer appliances, including refrigerators and dishwashers, it said.
The upcoming Resojet facility will be set up in E-City, Raviryal, near Hyderabad, and would entail an investment of ₹225 crore with employment generation potential of over 500 people in Phase 1, it said.
Speaking on the occasion, Minister KTR said, “Telangana is proud to witness yet another milestone for our homegrown company Resojet as they further expand their operations in the state. We are delighted to welcome TCL to Telangana.”
He further added, “This investment is a testament to the state’s efforts towards creating a conducive ecosystem for high technology manufacturing and reinforces Telangana’s position as a frontrunner in electronics manufacturing in India.”
Delighted to welcome @TCL_Global, one of the world’s largest consumer electronics manufacturing companies, to Telangana
TCL’s new electronics manufacturing unit will specialize in producing washing machines and has plans for future expansion into refrigerators.
With an initial… pic.twitter.com/p5MCIuiiHE
— KTR (@KTRBRS) June 28, 2023
KTR took the opportunity to share his vision for transforming Hyderabad as the Shenzhen of India and invited the CEO of TCL Group, Juan Du, and the TCL team to visit Telangana and witness the enabling infrastructure and ecosystem in the state.
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