Investment worth Rs 200 crore planned by Damson Technologies in Gujarat
Manufacturer of computer peripherals, accessories, and lifestyle products, Damson Technologies has plans to invest Rs 200 crore to set up a new manufacturing facility in Ahmedabad, Gujarat. As per the firm investment includes Rs 110 crore for infrastructure, Rs 60 crore for advanced machinery, and Rs 30 crore for operational processes.
The proposed unit will have 20 advanced production lines with a monthly capacity of 1 million units, focusing on high-quality audio systems, including TWS earbuds and home entertainment devices. This move aims to support the company’s ambitious revenue target of Rs 800 crore in FY25, up from Rs 300 crore in FY23-24.
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