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

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more