Vivo to Invest 4000 Cr in UP's Manufacturing Facility

Chinese smartphone maker Vivo  announced an additional investment of Rs 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo`s manufacturing capabilities and support its continued growth in the country, the company said in a statement.