Project News Detail
| Project No : | 202767 |
|---|---|
| Project Title : | Damson Tech Plans to Move Gadget Production to India, Invest Rs 150 cr |
| Company Name : | Private Company |
| Project Detail : | Lifestyle and mobile accessories maker Damson Technologies plans to move half of its manufacturing operations from China to India, with an initial investment of Rs 150 crore in the current financial year. The electronics manufacturing service provider has been manufacturing devices in Beijing and plans to bring around Rs 500 crore worth of business to India in the upcoming year. The company which makes and sells mobile accessories and lifestyle gadgets under its own brand name 'Just Corseca', is setting up a plant near Ahmedabad in Gujarat with an investment of Rs 50 crore in the manufacturing unit, and another Rs 100 crore will be deployed on research and development (R&D), marketing and building a team of around 350 employees. The company will initially move production of power strips, chargers, cables, power banks, TWS earbuds, and home audio systems. Initially, it targets production of around three lakh pieces monthly in the first quarter of the year, and will aim to reach about 10 lakh pieces in the first three months. Damson Technologies plans to gradually scale-up production by 25-30 percent based on demand and operational efficiencies of the factory. It anticipates to conduct trial runs of the plant to complete by May, 2024, with full-scale production commencing on 15 June. These timelines align with its objective of high-quality standards, and the plant's capacity is set at 10 lakh pieces across all product categories. |
| Project Location : | Multi Location (Multi State) - Multi State - India |
| Project Estimation : | Refer Document |
| Status : | Announced |