China-based handset maker Oppo is setting up a Greenfield Electronic Manufacturing Cluster (EMC) in Greater Noida to manufacture electronics and support accessories locally in India.
The EMC project is being set up by TEGNA Electronics in partnership with Oppo and a few Indian companies. The project is expected to receive a total investment of Rs 3500 crores over a period of 5-10 years.
Under the cluster, approximately 2 lakh product units will be produced daily. The project is currently expected to be completed over 18 months.
The project will house global players in manufacturing of electronics and support accessories. It will also generate employment for around 25000-30000 people.
The cluster offers facilities like tool room, R&D lab for manufacturing electronic products and accessories.
"As India is an extremely important market for us, we aim to drive innovation locally through our industrial parks and R&D centres. The EMC in Greater Noida will help us build a local ecosystem for smartphone devices," commented Taslim Arif, VP and R&D Head, Oppo India.
TEGNA Electronics is an SPV of Taiwan Electrical and Electronic Manufactures' Association (TEEMA), Oppo and other Indian companies.