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Abaj Group, QThree Ventures to set up manufacturing facility in Gujarat

Monday, 19 Oct 2020
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Abaj Group in partnership with QThree Ventures will set up ABAJ-QThree Techpark-- a manufacturing facility for LED televisions and air-conditioners in Gujarat. 
Abaj Group and QThree Ventures will make an investment of Rs 1,000 crore over the period of three years to set up the facility. The techpark will be located in Mahesana, 35 km from Ahmedabad. 
Gujarat Chief Minister Vijay Rupani laid the foundation stone for the project. The facility, spread across 13 acre, will have robotic technology and machinery to manufacture 25 lakh LED TVs and six lakh ACs annually with local sourcing of components. 
ABAJ-QThreeTechpark will be equipped to manufacture LED televisions for any brand worldwide. The project will provide employment opportunities to around 4,500 people. 
ABAJ-QThreeTechpark will manufacture brands of Abaj Group and QThree Ventures. It will also serve as a contract manufacturer for a brand looking to manufacture consumer electronics products. 
The company plans to expand the production capabilities in other consumer electronic products including refrigerators, washing machines. ABAJ-QThree Ventures aims to reach Rs 1,000 crore annual turnover by 2022.
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