Kelwon Electronics Unveils Cutting-edge Project in Haryana

Kelwon Electronics & Appliances Private Limited is set to embark on a significant venture in Gurgaon, Haryana, with a consumer electronics manufacturing unit. The project, with an estimated investment of Rs. 300 crore (currently under approval), has submitted a pre-feasibility report for environmental clearance. While the exact location is yet to be finalized, tentative key features include a focus on manufacturing Lithium Hybrid Inverters and LED TVs, leveraging Kelwon's existing expertise. The project aims to expand production capacity, incorporating modern technology and automation to enhance efficiency and product quality.

This initiative aligns with the government's "Make in India" initiative, emphasizing domestic production and reducing dependence on imports. The potential impact is vast, as the project is expected to strengthen Kelwon's position in the Indian consumer electronics market, meet the growing demand for high-quality and affordable electronics, and contribute to economic growth through job creation. Additionally, the incorporation of advanced technologies is poised to contribute to technological advancements in the Indian electronics manufacturing sector.

Currently in the pre-feasibility stage, the project awaits environmental clearance, following which construction is expected to commence. The specific timeframe for construction and completion is yet to be announced. Notably, the project falls under the Orange category in the Ministry of Environment, Forest and Climate Change's categorization of industries. A public hearing may be held soon, contingent on the approval of the pre-feasibility report. As a licensee partner of the South Korean brand Daewoo, Kelwon Electronics potentially has access to established technology and brand recognition, further enhancing the project's potential success.

As on January, 2024. Project is pending approval. Waiting for government permission. No further details determined.

News by Rahul Yelligetti