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Thomson re-enters Indian market through licensee

Tue, Aug 04, 2015, 04:09 PM
Hyderabad, Aug 4: Technicolor group brand Thomson has re-entered the Indian consumer electronic market with the launch of Thomson LED TVs here on Tuesday.

Its licensee in India, Resolute Electronics, will invest Rs.300 crore over the next three years in a manufacturing facility at Medchal near Hyderabad to make LED TVs and large home appliances for the Indian market.

Thomson, a global brand has entered into an exclusive licensing arrangement with Resolute Electronics, which has already invested Rs.20 crore in building the facility.

Telangana Minister for Information Technology K. Tarakarama Rao inaugurated the facility in the presence of Manuele Wahl, senior vice president, Technicolor; Biren Ghose, country head, Technicolor India; and A. Gopal Krishna, CEO, Resolute Electronics.

Gopal Krishna said the facility with two production lines has the capacity to manufacture 2,000 LED TVs a day. The capacity will be doubled by the end of the current financial year, depending on the market demand.

While the first LED TV will be rolled out by August-end, the company will also start manufacturing washing machines and air conditioners within six months and refrigerators in the second phase.
Agency: IANS
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