Videocon International plans to set up three new manufacturing facilities at Hyderabad in Andhra Pradesh, Mohali in Punjab and Hazaribagh in Jharkhand with an investment of Rs.450 crore.

The Hyderabad and Mohali plants will entail an investment of Rs.400 crore, funded mostly through internal accruals. These plants, which will become operational by 2002, will manufacture refrigerators, washing machines and televisions.

Land for the Hyderabad facility has already been identified and the Bhumi Puja will be conducted by the State Chief Minister, Mr N Chandrababu Naidu on 30 July 2001. This facility will have a capacity to manufacture 10 lakh computer monitors, five lakh CTVs and two lakh refrigerators and washing machines.

The other new unit at Hazaribagh in Jharkhand will be a smaller one with a capacity to manufacture 5,000 colour televisions with an investment of Rs.50 crore.

Presently, the company has five manufacturing plants at Aurangabad in Maharashtra, Attibele near Bangalore in Karnataka, Salt Lake in Kolkata in West Bengal, Hosur in Tamil Nadu, and one in Gujarat.