Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India
Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…
Read More