TCL-Resojet to invest in Telangana for an electronics manufacturing unit

Telangana is going to be home to one of the world’s largest consumer electronics manufacturing companies. TCL Electronics is going to invest in Telangana for an electronics manufacturing unit. The unit will specialize in producing washing machines and has plans for future expansion into refrigerators.

With an initial investment of Rs. 225 crore and employment opportunities for 500 local youngsters, the plant will be established in E-City, Raviryal. The proposed facility in Telangana would be TCL’s first overseas facility for manufacturing of washing machines, and would further expand to manufacturing of other consumer appliances, including refrigerators and dishwashers. The manufacturing plant is a joint venture between Telangana’s homegrown company Resojet and TCL Electronics. 

Welcoming the decision, Minister 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 conducive ecosystem for high technology manufacturing and reinforces Telangana’s position as a frontrunner in electronics manufacturing in India.”

Minister KTR took the opportunity to share his vision for transforming Hyderabad as the Shenzhen of India and invited CEO of TCL Group Ms. Juan Du and the TCL team to visit Telangana and witness the enabling infrastructure and ecosystem in the State. Raminder Singh Soin, Group Chairman of Resolute Group of Companies, said, “The proposed joint venture shall propel India’s electronics growth story and will further boost the electronics manufacturing ecosystem in Telangana State.”