Flextronics bets big on manufacturing
INDIATIMES NEWS NETWORK
[WEDNESDAY, JUNE 21, 2006 03:05:33 PM]
BANGALORE: India's emerging success as a big market for consumer electronics and hardware products, has spurred the $15.9-billion Singapore-based Flextronics — the world’s largest contract manufacturer — to go full steam ahead on manufacturing and product design in India
To boot, Flextronics is setting up a manufacturing plant in Chennai, ramping up its Pondicherry unit and transforming its Bangalore facility into a major design hub.
That it is focusing only on manufacturing is borne out by the fact that it has sold its software services business to private equity firm KKR and its BPO unit to Raman Roy-led Quattro. Speaking to ET, Flextronics’ director of India operations, Mr A Gururaj said the Chennai plant — spread over 250 acres in a SEZ — will be operational by August next.
“We are going to hire between 1,500 and 2000 people by the year end. This includes both direct labour and engineers,†| |
