Santosh Gangwar Inaugurates VVDN Technologies' Production Plant At Manesar

Labour Minister on Friday inaugurated electronics major VVDN Technologies' new SMT facility and Mechanical Tooling Park-II at Manesar, Haryana.

The new SMT facility and mechanical tooling centre was inaugurated by Gangwar on Friday, according to a company statement.

With an investment of Rs 150 crore, the new SMT and mechanical tooling plant is a state-of-the-art world-class manufacturing facility, it added.

The environment-controlled factory is equipped with the best-in-class modern machinery with fully automatic SMT lines for mass manufacturing and prototype, product assembly areas, and testing and validation infrastructure, among others.

The new factory is also expected to generate huge employment opportunities in the near future with women empowerment being the centre of focus and is expected to boast a one of its kind all women SMT Line.

Gangwar said in the statement, "Today being at VVDN for the inauguration is the testimony of the fact that the country is moving on its success path in the right direction. We welcome VVDN's initiative that accelerates progress in the employment in India, including that of women empowerment."

He added that the challenge due to the COVID-19 pandemic is being taken as an opportunity to work towards betterment of the country in a positive direction. "The responsibility on our ministry is critical during such times. Welfare of labour and job creation are critical under the Modi government's model of development."





VVDN serves global customers across several countries including the US, Canada, India, Vietnam, South Korea and Japan, as well as Europe.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more