Mivi lays foundation stone for Audio R&D and manufacturing facility in Telangana with Rs. 200 crore investment

MIVI (Avishkaran Industries) today laid the foundation stone for its new factory in Hyderabad, Telangana. The factory will house the R&D and manufacturing under one roof, which is a first in India, said the company.

The company is investing Rs. 200 Crore in the factory in Telangana which it says will create 2000 new jobs.

Mivi said that it is the only manufacturing company in the audio space in India and has a manufacturing facility employing 1500+ people in Hardware Park, Shamshabad, Hyderabad.

Ritesh Kumar, General Manager, BOB; Jayesh Ranjan, Principal Secretary of the Industries & Commerce and IT Departments of the Telangana government; Midhula Devabhaktuni, Co-Founder and CMO, Mivi; Viswanadh Kandula, Co-founder and CEO, Mivi; Dr. E Vishnu Vardhan Reddy, IFS Vice Chairman & Managing Director, TSIIC
Highlights of the new facility

The new facility will be outfitted with cutting-edge technologies and meticulously designed to uphold the highest benchmarks of environmental sustainability.

The facility will boast the prowess to produce 100,000 units daily, encompassing an extensive array of audio products, including earphones, soundbars, speakers, gaming accessories, and an assortment of allied merchandise. This will effectively double the company’s production capacity in comparison to its existing factory.

The company said that its strategic vision extends beyond its proprietary Mivi brand, as it aims to collaborate with esteemed international brands as a product development and manufacturing contractor, with ongoing discussions to solidify such partnerships.

The new factory is expected to be operational by March 2025.

Regarding this, Midhula Devabhaktuni, Co founder and CMO, said:

This factory isn’t just bricks and mortar; it’s a symbol of innovation and progress. Alongside producing exceptional products, it will generate opportunities and positive impact nationwide. Notably, it will house component manufacturing for wearables, presently non-existent in India. This is a proud milestone for MIVI and India, showcasing our nation’s burgeoning manufacturing capabilities and reducing reliance on foreign imports in the audio electronics domain. We are honoured to be at the forefront of this ‘Make in India’ revolution, contributing to the country’s self-reliance and economic progress.

Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram