Blue Star wins Rs 1.28 billion order from TaiwanÃ¢â‚¬â„¢s electronic firm Wistron

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Blue Star wins Rs 1.28 billion order from TaiwanÃ¢â‚¬â„¢s electronic firm Wistron

Blue Star wins Rs 1.28 billion order from TaiwanÃ¢â‚¬â„¢s electronic firm Wistron

Industry News
Nov 09,20

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.

Blue Star wins Rs 1.28 billion order from TaiwanÃ¢â‚¬â„¢s electronic firm Wistron

Mumbai

Taiwanese electronic goods maker Wistron Infocomm has given an order worth Rs 1.28 billion to Blue Star Limited - the air conditioning and commercial refrigeration major - for mechanical electrical and plumbing (MEP) works for its factory expansion project. Currently, this order is one of the largest and fast-track projects, being executed by Blue Star in the factories segment.

The scope includes supply, installation, testing and commissioning of HVAC system of 4000 Ton capacity, HT and LT electrical works with switchgear, transformers and DG sets, fire-fighting system, plumbing, compressed air system, and sophisticated Building Management System.

B Thiagarajan, Managing Director, Blue Star Limited, said, Ã¢â‚¬Å“Blue Star is proud to have bagged this prestigious order for mechanical electrical and plumbing works from Wistron Infocomm. We are witnessing steady growth in the inflow of orders for bundled services and continue to enjoy market leadership. Our value proposition is Ã¢â‚¬ËœSuperior project delivery through intelligent engineering, modern execution practices, and committed teams,Ã¢â‚¬â„¢ and with the Aatmanirbhar Bharat related programmes gaining momentum, we expect the manufacturing sector to contribute significantly to our growth.Ã¢â‚¬Â

Wistron, the Taiwan-based contract manufacturer of electronic goods, has been producing electronic devices at its existing factory at Kolar, Bengaluru. Wistron has now embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.

Recently, the application of Wistron - along with Samsung, Foxconn Hon Hai, Rising Star and Pegatron - was approved by the Government of India for receiving incentives under the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing. Wistron, Foxconn Hon Hai and Pegatron are contract manufacturers for Apple iPhones.

PLI scheme extends an incentive of 4-6 per cent on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20). Apple (37 per cent) and Samsung (22 per cent) together account for nearly 60 per cent of global sales revenue of mobile phones and PLI scheme is expected to increase their manufacturing base manifold in the country.