Skyworth group, USD 5 Billion conglomerate in consumer electronics, starting manufacturing of wide array of products, including LED TVs, Set top boxes, Lithium batteries and complete range of white goods.
Mr. Lai Weide, Board Chairman, Skyworth Group signed an MOU with Telangana Government in presence of Mr. K. T. Rama Rao, Minister for IT & Urban Development in meeting held in Hyderabad, in presence of the top delegation of Skyworth Leadership and top government officials of Telangana.
Skyworth Group will be making a phase-wise investment of US $100 million in phase 1. to set up state-of-art manufacturing base under the name Radiant Appliances & Electronics Pvt Ltd, spread across 50 acres.
Skyworth & METZ brand LED TVs, which offers cutting edge technology and latest features are already into production. In its second phase of expansion, it is adding the manufacturing of latest generation Lithium batteries of Electric Vehicles, and wide array of white goods- Air conditioners, Refrigerators and Washing Machines.
Speaking on the occasion, Mr. Lai Weide, Board Chairman, said that “ Skyworth is highly encouraged by the electronics manufacturing industry supportive policies of Telangana government. Besides bringing high quality manufacturing skills, scale of the economy through very efficient supply chain, Skyworth will be bringing the futuristic products to Indian consumers. Along with Upscaling of the skills of the local people, Skyworth will undertake socially responsible initiatives”
Mr. Wang Zenjun, Executive Vice President commented that “ India is very strategic market under Skyworth Global Expansion plan and it is noteworthy that quality, decision and latest technology AIOT products of Skyworth & Metz are well received by Indian consumers. Skyworth is committed to Indian Markets and would continue to make substantial investments in the India market in a phased manner”
Mr. K. T.Rama Rao, Minister for IT & Urban Development, Government of Telangana expressed his happiness that Skyworth chose Hyderabad as its manufacturing destination and it will generate employment opportunity of more than five thousand people. Minister Pointed out that the present government is Industry proactive which is reflected in its Industrial policy and revolutionary measures such as TS-iPass.
He pointed out the availability of skilled manpower, best law and order, latest infrastructure and excellent national and international connectivity makes Hyderabad the most favourable destination for industrial investment. Mr. Rao congratulated Skyworth Board Chairman and his team for starting the manufacturing in Hyderabad and assured of all possible support from Telangana government.
