Categories: Business

Philips India to invest Rs 300 crore, plans to employ one thousand people


Philips India investing Rs 300 cr, to hire 1,000 people

new Delhi. Philips India plans to invest about Rs 300 crore in the expansion of its manufacturing facilities and employ one thousand people. A top official of the company informed about this.

The company is expanding its manufacturing facility located in Chakan near Pune as part of the Make-in-India initiative. Philips vice president and managing director (Indian subcontinent) Daniel Mejon said that we are planning to invest Rs 250-300 crore. We are also planning to hire one thousand new employees.

Darjeeling tea industry losses Rs 200 crore from lockdown

The Darjeeling Tea Association said that the planters in West Bengal had suffered an estimated production loss of 1.5 lakh kg of tea due to the lockdown. This has resulted in a revenue loss of Rs 200 crore.

This association of planters has already written to the Tea Board, asking the Tea Board to release funds from the 'one-time revival package sanctioned for the shock to the Darjeeling tea industry during the unprecedented bandh in 2017. Intervention is sought. Tea planters have also urged immediate pending subsidy on priority basis.

This post was published on May 9, 2020 1:31 pm

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