In a significant move that positions India at the forefront of audio electronics manufacturing, MIVI (Avishkaran Industries) has laid the foundation stone for its state-of-the-art factory in Hyderabad, Telangana. This pioneering initiative, heralded by the presence of dignitaries such as Jayesh Ranjan, the Principal Secretary of the Industries & Commerce and IT Departments of Telangana, and Dr. E Vishnu Vardhan Reddy, IFS Vice Chairman & Managing Director of TSIIC, marks a new era in India’s manufacturing landscape.
MIVI Paves the Way for ‘Make in India’ Audio with their second R&D & Manufacturing Facility; Makes Rs. 200 Cr Investment
A Beacon of Innovation and Job Creation
With an investment of INR 200 Crore, MIVI’s latest venture is not just a factory but a beacon of progress and innovation. Poised to create over 2000 jobs, this facility is a testament to MIVI’s commitment to bolstering the Indian economy and supporting its ‘Make in India’ mission. The new factory is designed to be a hub of research and development (R&D) and manufacturing, all under one roof, setting a precedent for future industrial projects in the country.
Elevating Production to New Heights
Equipped with advanced technologies, the Hyderabad factory is meticulously planned to meet the highest standards of environmental sustainability. With the capacity to churn out an impressive 100,000 units daily, MIVI aims to double its production capability, significantly enhancing its product offerings ranging from earphones and soundbars to gaming accessories.
Fostering Global Collaborations
MIVI’s vision transcends its proprietary brand; it endeavors to become a trusted partner for global brands seeking excellence in product development and manufacturing. The ongoing dialogues with international partners underscore MIVI’s strategic intent to expand its global footprint and contribute to the world of audio electronics with innovative solutions.
Championing ‘Make in India’
Midhula Devabhaktuni, Co-founder and CMO, encapsulates the essence of this monumental step, stating, “This factory represents more than just infrastructure; it embodies innovation, opportunity, and national progress.” The facility is poised to include component manufacturing for wearables, a domain currently untapped in India, marking a significant milestone in reducing the country’s reliance on imports.
Scheduled to commence operations by March 2025, this factory underscores MIVI’s unique position as a leader in the Indian audio manufacturing sector, employing over 1500 individuals in its existing Shamshabad facility. As MIVI leads the charge in the ‘Make in India’ revolution, it paves the way for India’s self-reliance and robust economic growth, reinforcing the nation’s capabilities in the competitive global manufacturing arena.
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