Kodak TV India to invest Rs 500 cr for new plant in UP over next 3 years

Kodak TV India on Tuesday announced that it would invest more than Rs 500 crore in the next three years to set up a fully automated TV manufacturing plant at Hapur in Uttar Pradesh.

The new plant would be used to develop and test Android TV products so as to reduce dependency on other countries, a company statement said.

Avneet Singh Marwah, founder and CEO, Super Plastronics Pvt Ltd, Kodak Brand Licensee in India, said: “Currently, the Indian TV industry imports most of the raw material and has a value addition of only 10-12 per cent. However, with this investment, Kodak HD LED TV aims to increase the value addition to 50-60 per cent.”