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Videocon to invest Rs 10k cr in Madhya Pradesh

August 10, 2010 12:26 IST

Consumer electronics and home appliances company Videocon [ Get Quote ], plans to invest a sum of Rs 10,000 crore (Rs 100 billion) in Madhya Pradesh [ Images ] for setting up a power plant, television manufacturing unit and for building a hospital, a top company official has said.

 "This investment will include about Rs 7,200 crore (Rs 72 billion) for a 2,400 MW power plant, a TV manufacturing unit and for building a hospital," Director of the company Venugopal Dhoot, who met Chief Minister Shivraj Singh Chouhan on Monday, said in a press release here.

Based in India [ Images ], the Videocon group has manufacturing sites in countries like China, Poland, Italy [ Images ] and Mexico.

The company, since 1998, has expanded its operations globally, particularly in the Middle-East.

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