Forme opens production facility in Greater Noida with Rs 150 Cr investment
Chinese electronics firm FORME is planning to start its production facility in Greater Noida in Uttar Pradesh with an investment of Rs 150 crores. The firm has recently conducted a ground breaking ceremony in the industrial belt of the city and plans to produce appliances such as smartphones, feature phones, air conditioners and motherboards This comes after the company has signed a memorandum of understanding with the Uttar Pradesh government in September 2018 to invest Rs. 150 crores, over the next three years in two phases.
The ground braking ceremony was attended by Jiang Delong (Executive Chairman), Qiong Su (Executive Director - FORME, India), Alok Sinha, ACS, Electronics and IT, Government of UP (Chief Guest) and Narendra Booshan, CEO-GNIDA (Guest of Honor).
It is claimed as one of the largest and first completely integrated industrial park in this area with an acquired land size of 3.5 acres and total investment of 150 crores.
Qiong Su, Director FORME, India said, “The company will invest 6,670.93 lakhs in the Phase 1 and 8,941.65 lakhs in Phase 2 and will create direct as well as Indirect employment opportunities for upto 1000-5000 people.”
FORME group was established in the year 2006, with Jiang Delong as the Executive Chairman, and has a turnover of 650 crores and a global presence in countries like Asia, South Africa, Europe and Middle East.
The company focuses to expand the production of appliances such as smartphones, feature phones, air conditioners and mother boards.
It has also signed an agreement with Phillips Netherland as a manufacturer and exclusive distribution partner for PAN India. The company is supported by Invest India and Delhi-Mumbai Industrial Corridor Project Plan (DMIC).