Hyd to transform as Shenzhen of India: KTR

Hyderabad The Telangana government is working towards positioning the State as a frontrunner in electronics manufacturing in the country. The vision is to transform Hyderabad as the Shenzhen of India, said Telangana IT Minister K T Rama Rao.

Telangana’s homegrown company Resojet entered a Memorandum of Understanding with TCL Electronics Holding Limited for setting up of a consumer electronics manufacturing facility in the State. The MOU was signed in the virtual presence of K T Rama Rao.

Speaking on the occasion, KTR said, “Telangana is proud to witness yet another milestone for our homegrown company Resojet as they further expand their operations in the State. We are delighted to welcome TCL to Telangana. This investment is a testament to the State’s efforts towards creating a favorable ecosystem for high technology manufacturing and reinforces Telangana’s position as a frontrunner in electronics manufacturing in India.”

The Minister also took the opportunity to share his vision for transforming Hyderabad as the Shenzhen of India and invited CEO of TCL Group Juan Du and the TCL team to visit Telangana and witness the enabling infrastructure and ecosystem in the State.

Based out of Hefei in China, TCL Electronics Holding Limited is one of the largest consumer electronics manufacturing companies in the world. The proposed facility in Telangana would be TCL’s first overseas facility for manufacturing of washing machines and would further expand to manufacturing other consumer appliances, including refrigerators and dishwashers.

The upcoming Resojet’s facility at E-City, Raviryal would involve an investment of Rs 225 crore, with potential to generate employment for over 500 in Phase-1.

Raminder Singh Soin, Group Chairman, Resolute Group of Companies, Resojet CEO Gopal Krishna and Director Electronics Sujai Karampuri were also present during the occasion.