Dixion Technologies to invest ₹700 crore in Tirupati, Andhra Pradesh

According to a report by The Hindu BusinessLine, Dixon Technologies has planned a new investment of ₹700 crore in Tirupati, Andhra Pradesh. This information came to light during a meeting held on Friday between Education, IT and Electronics Minister Nara Lokesh and Dixon Technologies President and Chief Operating Officer Pankaj Sharma at the 31st CII Partnership Summit.

During this meeting, Pankaj Sharma expressed readiness to make a new investment of ₹700 crore at EMC-2 in Tirupati. This new investment will create a total of about 2,300 employment opportunities for the youth of the state. Minister Nara Lokesh thanked Dixon for preparing expansion plans for the Dixon Tirupati hub at Kopparthy and Tirupati, which is India's largest LED TV plant.

During the meeting, Minister Lokesh also invited Dixon to set up laptop, desktop and server manufacturing units in Andhra Pradesh under joint ventures like Dixon-Inventec. Speaking on the occasion, Dixon President Pankaj Sharma stated that Dixon Technologies has been operating India's largest LED TV plant (for Xiaomi and other brands) with an in-house LCM line in Tirupati since 2018.

Pankaj Sharma further informed that AIL Dixon (CP Plus) at Kopparthy in Kadapa district is also being expanded. An expenditure of ₹450 crore will be incurred behind this expansion, which will create 7,000 new employment opportunities in this area. Through the investment and expansion of these two companies, a major boost is expected in the electronics manufacturing sector in Andhra Pradesh, which will provide major opportunities for local youth to secure employment.