Titan Intech invests ₹550 crore in new electric MFG facility

Titan Intech has greenlit the establishment of a cutting-edge electric manufacturing services (EMS) facility. The company's Board of Directors has carefully reviewed and approved the plan, which incorporates both original equipment manufacturer (OEM) and original design manufacturer (ODM) capabilities. This strategic decision aligns with Titan Intech's ambition to enhance its manufacturing expertise and support innovation.

The new facility will primarily focus on chip on board (COB) mini-LED backlighting, targeting the Railways and Defence sectors in both Indian and international markets. This move will position Titan Intech as a key player in these specialized fields, allowing the company to leverage its advanced technology and capabilities. The project underscores Titan Intech's commitment to technological advancement and industry leadership.

With an estimated investment of Rs 550 crore, this comprehensive EMS facility is set to be a significant venture for Titan Intech. The substantial financial commitment reflects the company's confidence in the potential of this initiative to drive growth and market expansion. By developing this facility, Titan Intech aims to meet diverse customer needs more effectively.

Additionally, this initiative supports the 'Make in India' and Digital India programs, reinforcing Titan Intech's dedication to contributing to national development goals. The facility is expected to create numerous job opportunities and boost local manufacturing capabilities. It will also enhance the company's ability to provide innovative solutions to its customers.

Overall, Titan Intech's new EMS facility marks a bold step forward in the company's growth trajectory. This project will not only bolster its manufacturing and innovation capabilities but also expand its presence in key markets. By focusing on advanced technologies and aligning with national initiatives, Titan Intech is poised for a promising future.

News by Rahul Yelligetti