New Manufacturing Facility Worth 200 Crore Inaugurated in Hyderabad
Mivi, an Indian consumer electronics brand, has officially opened a new manufacturing facility in Hyderabad, with an investment of ₹200 crore. This state-of-the-art facility is expected to significantly enhance the company’s production capabilities, allowing it to meet the growing demand for its products in the market.
The inauguration ceremony was attended by key dignitaries and industry leaders, highlighting the importance of this development for both Mivi and the local economy. The new plant is designed to produce a wide range of electronic devices, including audio products and accessories, which are integral to Mivis product lineup.
Mivis decision to establish this manufacturing unit in Hyderabad aligns with the Indian governments push for self-reliance in electronics manufacturing, as part of the “Make in India” initiative. The facility is expected to create numerous job opportunities for the local workforce, contributing to the economic growth of the region.
In a statement, Mivi co-founder, Midhat Khatri, expressed enthusiasm about the new facility, emphasizing the companys commitment to quality and innovation. He noted that the investment would not only bolster Mivis production capacity but also enhance its ability to deliver high-quality products to consumers more efficiently.
The Hyderabad facility is equipped with advanced technology and adheres to international manufacturing standards, ensuring that Mivi can maintain its reputation for producing reliable and affordable electronics. The company aims to leverage this new facility to expand its market presence, both domestically and internationally.
As Mivi continues to grow, the company is also focused on sustainability and eco-friendly practices in its manufacturing processes. The new facility is designed to minimize environmental impact, reflecting Mivis commitment to responsible business practices.
Overall, the inauguration of this manufacturing facility marks a significant milestone for Mivi, positioning the brand for future growth and success in the competitive electronics market. With this strategic investment, Mivi is poised to enhance its product offerings and strengthen its foothold in the industry.
