NEW DELHI: Homegrown producer of audio electronics, MIVI, on Friday mentioned that it invested Rs 200 crore in native manufacturing, as the corporate laid the inspiration stone for its new state-of-the-art manufacturing facility in Hyderabad.
The brand new facility will home the R&D and manufacturing below one roof and can create 2,000 new jobs, the corporate mentioned.
“It is a proud milestone for MIVI and India, showcasing our nation’s burgeoning manufacturing capabilities and decreasing reliance on international imports within the audio electronics area,” Midhula Devabhaktuni, Co-founder and CMO, MIVI, mentioned in a press release.
“The manufacturing facility will home element manufacturing for wearables, presently non-existent in India,” she added. The brand new manufacturing facility is anticipated to be operational by March 2025.
In line with the corporate, the brand new facility might be outfitted with cutting-edge applied sciences and meticulously designed to uphold the best benchmarks for environmental sustainability.
This state-of-the-art manufacturing institution boasts the prowess to provide a exceptional 1,00,000 models every day, encompassing an in depth array of audio merchandise, together with earphones, soundbars, audio system, gaming equipment, and an assortment of allied merchandise, the corporate talked about.
Based in 2016 by Viswanadh Kandula and Devabhaktuni, MIVI goals to take the Indian electronics business to a brand new stage by assembly the wants of shoppers by curating high-quality merchandise in keeping with their tastes and preferences.
