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Flextronics to open second plant in India
By agencies
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Thursday, 23 June 2005, 19:30 IST
NEW DELHI: Flextronics has announced plans to set up another manufacturing facility in India.
The announcement by the worlds largest contract manufacturer comes after Minister of communications and IT Dayanidhi Maran visit the U.S. and convinced the management of major U.S. companies
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The company would announce the details of its expansion plans in the next two weeks. Flextronics is a manufacturer of consumer electronics, telecom equipments and components.
The company is planning to manufacture products in verticals like telecom and consumer products in the new facility.
Refusing to divulge more details, Flextronics VP and the company's GM for India and Malaysia Vijayan Chinnasami said that in the last four years the company has invested about $900 million in India.
This shows that we committed to India and the proposed investment would be in tune with the current investment. We are also very bullish about Indian telecom scenario and want to take advantage of the rapid growth being experienced by the sector, he added.
He expects the new facility to employ about 1000-2000 people. Flextronics has short listed three locations for the new facility Bangalore, Pondicherry and Chennai.