Never miss a story

Get subscribed to our newsletter


×
Vivo announces Rs 4,000 crore investment for new UP plant. (IANS)

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs 4,000 crore over a period of four years for opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion.
The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement.

The Rs 4,000-crore investment, which does not include the cost of the land, will also spur job opportunities in the region, added Vivo that entered India in 2014.


“India is a key market for us, and today we have reiterated our commitment by entering the next phase of growth in India. We’re proud that the new plant will offer a major benefit to the surrounding area through high-quality job creation and training opportunities,” said Nipun Marya, Director-Brand Strategy, Vivo India.

According to the company, Chief Minister Yogi Adityanath welcomed the initiative and congratulated it.

Currently, all Vivo smartphones sold in the country are being manufactured at the Greater Noida facility, which is one of Vivo’s four manufacturing factories globally.

The existing manufacturing set-up, which saw an investment of Rs 300 crore, produces two million units a month, with more than 5,000 people at work.

With the new facility, Vivo aims to double the current production capacity to 50 million units per annum.


Currently, all Vivo smartphones sold in the country are being manufactured at the Greater Noida facility, which is one of Vivo’s four manufacturing factories globally.

This is the second big-ticket investment from a global smartphone maker in Uttar Pradesh.

In 2017, Samsung announced that it would invest Rs 4,915 crore to double its manufacturing capacity for smartphones and refrigerators at its Noida plant.

The South Korean giant in July set up one of the world’s largest mobile manufacturing facilities in Noida, Uttar Pradesh, which was inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in.

When it comes to Vivo, the company was third with 10 per cent market share in India, after Xiaomi and Samsung, in the third quarter this year. Vivo performed exceedingly well in offline channels, said Counterpoint Research.

Marya told IANS in a recent interview that in terms of value, Vivo is the leader in the Rs 20,000-Rs 30,000 segment and overall No. 2 in the Indian smartphone market for the past 18 months.

Also Read- Oracle Witnessing Double-Digit Growth in India For Past 3 Years

According to him, the brand awareness of Vivo, which bagged the title sponsorship for five consecutive sessions of Indian Premier League (IPL) starting this year with a whopping Rs 2,199 crore bid, is 100 per cent.

There are currently more than 70,000 retailers in India where Vivo phones are available and the company has more than 200 exclusive stores and two experience centres.

“When we entered India, we were very clear that we wanted to build a very strong foundation here. And four years after entering the Indian market, we stay totally committed to the country,” he said. (IANS)


Popular

Unsplash

Using social media in moderation isn't bad. It becomes a problem when this becomes a habit.

By Dr. Vihan Sanyal

Most teenagers use social media accounts like Facebook and Instagram these days. It keeps a person connected to friends across the globe and gives them a window into the lives of people they are connected with.

Multiple studies have shown that teenagers who use social media excessively do so because they are either bored, need an escape from their immediate physical environment, are feeling overwhelmed and stressed, are lonely, have few real-time friends or need to feel appreciated and validated.

Follow NewsGram on Quora Space to get answers to all your questions.

Using social media in moderation isn't bad. In fact, it can help boost serotonin and other feel-good chemicals in the brain and can help uplift a person's mood. Most people take a selfie of themselves and post it on social media, and feel good about themselves when people like their post and comment on it. It becomes a problem when this becomes a habit. Many people feel compelled to post photos of themselves multiple times a day and then keep checking their accounts for the number of likes they have received.

Keep Reading Show less
Unsplash

Ayurveda consists of set practices and lifestyle habits that work to make one healthy, both physically and mentally. Additionally, the herbs and medicines as prescribed in Ayurveda, are wholly natural and retain the ability to cure most diseases without any side effects.

N. Lothungbeni Humtsoe

Ayurveda, as mentioned, is the science of life. It is not just a set of general suggestions but a way of living life. It consists of set practices and lifestyle habits that work to make one healthy, both physically and mentally. Additionally, the herbs and medicines as prescribed in Ayurveda, are wholly natural and retain the ability to cure most diseases without any side effects.

Ayush Agrawal, Founder and Director of Rasayanam shares some prominent herbs that are renowned for their use in matters of health and wellness are discussed as follows-

Ashwagandha - Ashwagandha, by reducing the cortisol levels, helps control anxiety and stress. Its use is significant in calming the body and psyche of an individual and also helps in regulating blood sugar and cholesterol levels. Ashwagandha is also popularly consumed as a vigor and strength supplement. Further, it aids muscle mass gain and boosts energy levels in people from all age brackets.

Follow NewsGram on Twitter to stay updated about the World news.

Triphala - This over 1000-year-old remedy constitutes three principal ingredients of Amla, Bibhitaki, and Haritaki which are some of the most famous medicinal plants native to the country. Known for its anti-inflammatory and laxative properties, Triphala is also considered particularly helpful in preventing dental diseases and cavities as well as digestive problems. The many medicinal properties of this herb are what make it so well accepted and preached throughout the country.

Brahmi - Brahmi is primarily used for its significant impact on the brain and its functioning. It is said to improve the brain's retention and memory power as well as its spatial learning abilities. Brahmi is commonly utilized to treat and control symptoms of anxiety, stress, and ADHD. Additionally, it is also consumed to reduce inflammation and lower blood pressure levels.

Keep Reading Show less
Unsplash

Here are some simple and efficient yogic techniques to get in shape. It only takes 15 minutes, and you don't even have to leave the house. These asanas can be done from where you are sitting and during short work breaks.

By Shraddha Iyer

With everyone's hectic schedules, we don't even notice how quickly a day passes and our health suffers as a result. How do you incorporate yoga into your daily routine with such a hectic schedule, and what can you practice?

For all the workaholics out there, here are some simple and efficient yogic techniques to get in shape. It only takes 15 minutes, and you don't even have to leave the house. These asanas can be done from where you are sitting and during short work breaks.

Follow NewsGram on Instagram to keep yourself updated.

Sukha Purvaka Pranayama

This pranayama is effortless breathing that focuses on breathing deeply into each section of the lungs, as the name says. There is a strong emphasis on both internal and exterior breath retention.

Steps:

- Simply breathe in for 4 to 6 counts, filling the lungs up.
- Hold the breath, ideally for the same count, or it can be as long as you can.
- Exhale for 4 to 6 counts, holding the breath out for the same time or as long as you can.
- This completes one round.
- You can start with 10 rounds and increase the repetition with practice.

Keep reading... Show less