You have recently announced that you will be investing more than INR 500 crore in a fully automated TV manufacturing plant in Hapur, Uttar Pradesh, over the next three years. What is driving this expansion plan?
The new Kodak TV India manufacturing plant will develop and test more Android TV products within India thereby reducing dependency on other countries. With this, Kodak TV India aims to be one of the first Indian companies to make such a huge investment towards TV manufacturing within the country and strengthen its position as one of the leading manufacturers in the affordable smart TV segment.
When will this plant be operational, and what will its capacity be?
We are aiming to produce a million TV sets annually. The new facility will be equipped with two fully automated, AI-enabled manufacturing lines to facilitate near-contactless production. The plant should be operational in 2021, depending on how the pandemic pans out.
What is your current manufacturing capacity?
The current capacity is around half a million units.
How has the Covid-19 outbreak affected your business, and how are you dealing with it?
Like most businesses, SPPL also shut its factories in the wake of Covid-19, which had severe repercussions on business and workforce, and led to a huge revenue loss. By following the safety precautions and standards, we resumed work mandating social distancing and regular temperature checks.
What is the situation after the unlocking has started?
This story is from the August - September 2020 edition of ET Polymers.
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This story is from the August - September 2020 edition of ET Polymers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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