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Salom looks to infuse Rs 100 cr in India

Tuesday, 03 Mar 2020
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Salom, a China-based company, has planned to invest Rs 100 crore in India to de-risk supply issues.

The company is engaged in design and manufacture of power chargers to the makers of laptops, mobile phones, phones and vacuum cleaners. Salom is entering into a tie-up with automobile battery manufacturer Amara Raja to set up a completely knocked down (CKD) facility at Chittoor in Andhra Pradesh.

Its registered office, however, will be in Hyderabad. The company will replicate whatever it is doing at its facilities at the Xiamen Island, China.

From one million units a month to start with, it will ramp up its capacity to 10 million in three or four years. The company had been contemplating setting up a manufacturing facility in India.

The new manufacturing facility will have 800 employees.

 
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