VVDN Technologies to invest $100-200 mln in PCB fab, components facilities
Subscribe to enjoy similar stories. Manesar, Haryana-based electronics design and manufacturing services provider VVDN Technologies plans to invest $100-200 million over the next three to four years to set up manufacturing facilities for making printed circuit boards, camera lens, displays and connectors, in a bid to ensure its own availability of components and reduce dependence on imports from China. VVDN president Vivek Bansal said in an interaction with Mint that the new facility will supply components across its lines of business which includes 5G telecom radio equipment, IoT, automotive, industrial use cameras, EV chargers and upcoming businesses of data centre servers, laptops, smartphones, and smart meters.
“Our topmost focus is to reduce dependence on imports. Given the government push to do things locally and our captive requirement is massive today, where we’re bringing in millions of PCBs on monthly basis, so definitely, we have to set up our own PCB fab. In our backward integration road map, we are looking to do camera lens manufacturing, display manufacturing, connectors and other components, in India," Bansal said, adding that the new capacities will come up in Polachi, Coimbatore where 100 acres has been earmarked for this purpose.
The Polachi plant will also house the company’s 5G smartphone manufacturing facility, he added, which will be functional by the next financial year. Discussions with smartphone brands for volumes were ongoing. The first phase of the plant in 500,000 sq.
ft. area is expected to be off ground in January 2025, while the entire facility will be built in additional phases. The plant will include manufacturing of automotive and telecom equipment, and the location will be used to
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