Damson Technologies launches Rs. 200 crore manufacturing unit in Ahmedabad
November 25, 2024
Ahmedabad: Damson Technologies, a leading manufacturer of computer peripherals and mobile accessories, has inaugurated a manufacturing facility in Ahmedabad, Gujarat. Established with an investment of Rs 200 crore across three phases, the facility will serve as the primary hub for producing audio products such as TWS earbuds, personal audio devices, and home entertainment systems.
The facility is projected to generate around 500 job opportunities, fostering economic growth in the region. By focusing on local manufacturing, Damson Technologies aims to reduce import reliance, improve operational efficiency, and strengthen its presence in international markets. This facility will not only cater to the domestic market but also enable global expansion by optimizing costs and delivery timelines.
Ritesh Goenka, Managing Director of Damson Technologies, expressed optimism about the company’s growth trajectory, with a revenue target of Rs 500 crore for the next fiscal year. He said, “The Indian market offers tremendous potential for the manufacturing of smart accessories, and we are delighted to start this state-of-the-art facility in Ahmedabad. With a focus on quality and innovation, this facility is designed to produce high-quality products for our flagship brand, JUST CORSECA, as well as for other leading accessory brands in India. This facility underscores our dedication to the ‘Make in India’ initiative by bringing production closer to home, enhancing operational efficiency, and supporting our growth ambitions.”
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