China’s TCL Electronics To Invest Rs. 2,000 Cr. At Tirupati Unit

China-based TV and consumer electronics maker TCL Electronics would invest around ` 2,000 crore in its proposed new manufacturing facility at Tirupati, Andhra Pradesh in the first phase, a top company official said recently.
TCL expects that the AP unit would also help it to strengthen its presence in the highly competitive Indian TV market, as it expects to sell around one million units in 2019. This would be a true “make-in-India” plant as the company would manufacture TV and panel parts here.
And only glass cutting for the panels would be done in China while rest of the work would be done at the Tirupati unit. TCL announced that it has inked a pact with the Andhra Pradesh government to set up a manufacturing facility at Tirupati. Besides, the company is also looking to foray into segments such as washing machine, refrigerator and air conditioners next year as part of expansion of its product portfolio.