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QThree Ventures picks up stake in ABAJ Techpark to offer state-of-the-art electronics manufacturing capabilities and expertise in India
The newly christened ABAJ-QThree Techpark will invest Rs. 1000 crores to increase the manufacturing capabilities to 25lakh LED televisions and 6lakh air conditioners annually. The company will also venture into manufacturing other consumer electronic products
QThree Ventures, the preferred partner for electronic brands in India, has invested in Gujarat-based manufacturing company ABAJ Techpark to offer production capabilities for brands looking to build consumer products in India. Now rechristened as the ABAJ-QThree Techpark – the facility is a state-of-the-art plant manufacturing LED televisions and air conditioners located in Mehsana, 35 km from Ahmedabad in the state of Gujarat. ABAJ QThree Techpark will invest Rs. 1000 crores to increase the manufacturing output to 25lakh LED televisions and 6lakh air conditioners annually. ABAJ QThree Techpark will shortly expand its manufacturing capabilities to include more consumer electronic products such as refrigerators, washing machines etc.
Spread over 13 acres, the ABAJ-QThree Techpark is equipped with robotic technology and machinery, a world class R&D unit, and create an ecosystem for electronics manufacturing in India, for the country and the world. The partnership brings the best of global expertise and manufacturing capabilities, complemented by a strong network across India, to present consumers with affordably priced consumer electronics goods in India. In line with the government’s vision of ‘Make in India, Make for the World’ the ABAJ-QThree Techpark is equipped to manufacture LED televisions for any brand across the world.
The ABAJ QThree Techpark is already building LED televisions for owned brands of ABAJ Group and QThree Ventures. It is also manufacturing consumer electronics products for leading global and domestic companies looking to build consumer electronics products. The ABAJ QThree Techpark will soon expand the production capabilities to cover consumer electronic products such as refrigerators, washing machines etc.
Honourable Chief Minister of Gujarat Shri Vijay Rupani said, “ I welcome the ABAJ-QThree Techpark to Mehsana, Gujarat. This world class facility will help put our country on the global map with the potential of becoming an electronics manufacturing hub for the world. I take pride in having such facilities in the state of Gujarat. I congratulate ABAJ QThree Techpark for this landmark facility, that will help create jobs for thousands of citizens.”
Speaking on the new entity Jubin Peter, Founder and Chairman - QThree Ventures, and Director ABAJ QThree Techpark said, “We are delighted to join hands with the ABAJ Techpark and establish ABAJ-QThree Techpark. Domestic manufacturing is getting a massive push from the government, to make our country ‘atmanirbhar’. With the ABAJ-QThree Techpark our endeavour is to blend global expertise and manufacturing capabilities, along with a vast distribution and delivery network across India, to present consumers with affordably priced consumer electronics goods in India.”
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