Kodak TV India to invest Rs 300 cr
The investment in IoT technologies will focus on building intelligent TVs that are intuitive and meet the demands of the "new Indian customer", a company statement said.
New Delhi: Kodak TV India on Tuesday announced an investment of over Rs 300 crore over the next three years to strengthen its capabilities in IoT technologies.
The investment in IoT technologies will focus on building intelligent TVs that are intuitive and meet the demands of the “new Indian customer”, a company statement said.
Avneet Singh Marwah, Director and CEO, Super Plastronics, Licensee in India, said: “In 2020, we focused on expanding our manufacturing capacity and market presence with an investment of Rs 500 crore. Now, we will be expanding our IoT investment so we can continue to give competition to phones brands which are entering into the TV category. With the new pipeline, we are confident that we can capture more than 10 percent of market share by end of 2021.”
It is estimated that by end of 2023 there will be more than 1 million smart homes devices in the Indian market.
With fresh investment, Kodak Android TVs will also now have technology that will help the TV also connect all the smart home devices in the house.
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