Damson Technologies Inaugurates New Manufacturing Facility in Ahmedabad

Damson Technologies has officially inaugurated its new manufacturing facility in Ahmedabad, Gujarat, marking a significant investment of Rs 200 crore aimed at enhancing local production of smart accessories and lifestyle products. This state-of-the-art facility is expected to create around 500 jobs and bolster the company’s commitment to the ‘Make in India’ initiative.

Key Takeaways

• Investment: Rs 200 crore planned in three phases.
• Job Creation: Approximately 500 jobs expected.
• Production Capacity: Initial target of 3 lakh units per month, scaling up to 10 lakh units.
• Focus: Manufacturing TWS earbuds, personal audio devices, and home entertainment systems.

Overview Of The Facility

The new manufacturing hub will serve as the core production site for Damson Technologies, focusing on high-quality audio systems, including TWS earbuds and personal audio devices. The investment breakdown includes:

• Factory Setup: Rs 110 crore
• Advanced Machinery: Rs 60 crore
• Manufacturing Processes: Rs 30 crore

This facility is designed to meet the growing demand for smart accessories in both domestic and international markets, aligning with the company’s vision of reducing import dependency.

Production Capacity And Expansion Plans

The facility will commence operations with six assembly lines, targeting an initial monthly production capacity of 3 lakh units. The expansion plan includes:

1. Phase 1: 6 assembly lines, 3 lakh units/month.
2. Phase 2: Gradual scale-up based on demand.
3. Phase 3: Expansion to 20 assembly lines, reaching 10 lakh units/month.

This strategic approach ensures that Damson Technologies can effectively meet the rising demand for smart accessories while optimizing production efficiency.

Commitment To Innovation

Under the leadership of Ritesh Goenka, Managing Director of Damson Technologies, the company is investing $10 million in research and development. This investment will focus on integrating cutting-edge technologies, including:

• AI-powered products
• App-based controls
• Voice assistance features

Additionally, the facility will support the development of a new line of gaming accessories, catering to the increasing demand for specialized products in the market.

Global Expansion Strategy

The establishment of this manufacturing facility is a crucial part of Damson Technologies’ global expansion strategy. By localizing production, the company aims to:

• Reduce import dependency
• Cater to international markets, including the USA, UK, and UAE
• Achieve cost efficiencies and competitive pricing for exports

This aligns with India’s vision of becoming a global manufacturing hub, enhancing the company’s market presence and operational capabilities.

Financial Goals And Future Outlook

Damson Technologies aims to achieve a revenue target of Rs 500 crore in the next fiscal year, with expectations of capturing a 3-4% market share in the mobile accessories and personal audio segments. The new facility is set to play a pivotal role in supporting these ambitious financial goals, solidifying the company’s position as a leader in the smart accessories manufacturing sector.

In conclusion, the inauguration of the new manufacturing facility in Ahmedabad represents a significant milestone for Damson Technologies, reflecting its commitment to quality, innovation, and the ‘Make in India’ initiative. With a focus on local production and technological advancement, the company is poised for substantial growth in the coming years.

Sources

• Damson Technologies inaugurates new manufacturing facility in Ahmedabad – Times of India, Times of India.
• Damson Technologies Inaugurates State-of-the-Art Manufacturing Facility in Ahmedabad with Rs. 200 Crore planned Investment, The Hans India.
• Damson Technologies launches Rs 200 crore smart accessories manufacturing hub in Ahmedabad – Manufacturing Today India, Manufacturing Today India.
• Damson Technologies opens manufacturing hub in Ahmedabad with Rs. 200 crore investment, FoneArena.com.