Acer India join hands with Dixon Technologies to manufacture 5,00,000 laptops annually in Noida

Acer India join hands with Dixon Technologies to manufacture 5,00,000 laptops annually in Noida

Subramanian K
/ Categories: Trending, Mindshare

Acer to manufacture laptops under the value, mainstream, and education segment category at the Dixon factory which will boost employment generation in the region.

Acer India, the leading Personal Computer brand, and Dixon Technologies have partnered for the manufacturing of laptops at Dixon’s state-of-the-art manufacturing facility situated in Noida. This will give a strong impetus to India's manufacturing competitiveness and leverage the production-linked incentive (PLI) by the Government of India. The factory will have the capacity to produce up to 500,000 laptops annually.

Acer will bring in the global know-how and processes to manufacture high-tech electronic products in the laptops category which will be implemented through Dixon’s facilities. Acer believes that this key initiative will help to grow the electronic manufacturing ecosystem which will help them to serve domestic and global markets from India.

The PLI for IT hardware brought by the Government of India is a game-changer that will have the advantage to increase domestic value addition and significantly position India as a key export’s hub. The impetus to PC manufacturing is particularly significant as it can help reduce imports which have become all the more important as their usage increased rapidly amid the Covid-19 restriction.

Acer plans to manufacture laptops under the value, mainstream, and education segment category at the Dixon Factory which will create new employment opportunities for the youth, up-skilling and help develop ancillary electronic industries in India along with bringing in global manufacturing standards.

The manufacturing unit was inaugurated today by Saurabh Gaur, Jt. Secretary, Ministry of Electronics and Information Technology, in the presence of Sunil Vachani, Executive Chairman, Dixon Technologies, and Harish Kohli, President and Managing Director, Acer India.

There is a positive response from the market to this news break, the share closed at Rs 5,243, up by 3.26 per cent for the day.

Previous Article Price Volume Breakout: Dont Miss action in these three trending stocks!
Next Article These smallcap and midcap stocks staged a smart recovery from days low!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR