Damson Technologies, a producer of mobile accessories and computer peripherals, opened its state-of-the-art production plant in Ahmedabad, Gujarat.
To build this factory, Damson Technologies spent a significant Rs 200 crore across three stages. A variety of audio goods, such as TWS earbuds, personal audio devices, and home entertainment systems, will be manufactured primarily at the site.
It is anticipated that the new facility will contribute to the economic growth of the Ahmedabad area by generating about 500 new job opportunities. Damson Technologies hopes to improve operating efficiency and lessen reliance on imports by giving priority to domestic production.
In addition to serving the home market, the new manufacturing plant will allow Damson Technologies to increase its worldwide presence. The business can reduce expenses, expedite delivery, and efficiently compete in global markets by manufacturing locally.
Damson Technologies aims to achieve a revenue target of Rs 500 crore in the next fiscal year. Ritesh Goenka, Managing Director of Damson Technologies, stated, “The Indian market offers tremendous potential for the manufacturing of smart accessories, and we are delighted to start this state-of-the-art facility in Ahmedabad. With a focus on quality and innovation, this facility is designed to produce high-quality products for our flagship brand, JUST CORSECA, as well as for other leading accessory brands in India. This facility underscores our dedication to the ‘Make in India’ initiative by bringing production closer to home, enhancing operational efficiency, and supporting our growth ambitions.”
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
