Business Economy


Hisense inaugurates its first manufacturing Facility in India in AP

Hyderabad, Feb 10 (UNI) Hisense, a global leader in consumer electronics and home appliances, on Tuesday inaugurated its first manufacturing facility in India at Sri City (Tirupati district), Andhra Pradesh, marking a major step in its localisation and expansion strategy.
The world-class facility has been commissioned through Epack Manufacturing Technologies Private Limited (EMTPL), a wholly owned subsidiary of Epack Durable Limited, under the Hisense–Epack Durable joint venture, the company said in a release.
The newly commissioned unit, located within Epack Durable’s industrial park at Sri City, spans 10 acres and has been developed with an investment of over USD 30 million.
The facility is positioned alongside Epack Durable’s existing ODM manufacturing plant and represents a key milestone in Hisense’s India growth roadmap, aligned with the Government of India’s Make in India initiative.
Commercial production is scheduled to begin from February 2026, positioning Hisense to strengthen its supply chain resilience and cost competitiveness in the fast-growing Indian consumer durables market.
Currently employing around 500 people, the facility is expected to create nearly 1,500 jobs over the next 12–24 months.
Commenting on the development, Pankaj Rana, CEO, Hisense India, said the Sri City plant would give the company tighter control over quality, costs and supply chains while enabling product customisation for Indian consumers. From Epack Durable’s side, Ajay Singhania highlighted that the partnership blends Hisense’s global technology with India-based manufacturing expertise, reinforcing India’s role in global value chains.
UNI KNR RN
More News

UNI SPECIAL: F&B sector emerging as major entrepreneurial space for women in India

08 Mar 2026 | 5:11 PM

By P Krishna Kumar
New Delhi, March 8 (UNI) The food and beverage (F&B) sector is increasingly emerging as a preferred entrepreneurial space for women in India, with many professionals leaving corporate careers to start their own food ventures, particularly in the post-pandemic period.

see more..

Market valuation of eight of top-10 most-valued firms erode by over Rs 2 81 lakh crore

08 Mar 2026 | 3:00 PM

New Delhi, March 8 (UNI) Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.

see more..

India-England T20 World Cup SF sets global digital viewership record

07 Mar 2026 | 8:05 PM

New Delhi, March 7(UNI) The second semi-final of the ICC Men's T20 World Cup 2026 has set multiple digital viewership records, highlighting the massive global appeal of the tournament.

see more..

Vedanta's Hindustan Zinc inks deal qith US Varsity

07 Mar 2026 | 7:48 PM

Mumbai, March 7 (UNI) Hindustan Zinc, a subsidiary of Vedanta, a major Indian natural resources conglomerate, has signed an MoU with Virginia Tech to improve silver recovery from lead–zinc operations to advance scientific research to improve silver recovery across its lead-zinc (Pb–Zn) concentrators, according to an official statement here today.

see more..

DGFT extends export obligation period for Advance, EPCG Authorisations

07 Mar 2026 | 7:12 PM

New Delhi, March 7 (UNI) The Directorate General of Foreign Trade (DGFT) has announced a facilitation measure for exports by extending the Export Obligation (EO) period for certain export promotion schemes, an official statement said here today.

see more..