Tuesday, August 14, 2007

Videocon in China Town!

Contributing to the surging bilateral trade between India and Videocon in China Town!China would be the domestic consumer durable major, Videocon, which has inked a deal with China Council for Promotion of International Trade (CCPIT) for setting up a LCD manufacturing unit at Shenzen, China, The amount of investment required for the same is $1.5 billion. While 50% of the production would be for domestic consumption, the rest would be for exports. The technology for production of LCD would come from the company’s R&D centre in Japan in order to lessen production costs and bring it down to more competitive levels.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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