Chandigarh: Diversified Videocon Group on Monday announced to invest Rs 800-1,000 crore in telecom business in Punjab.
The company may also consider investment in setting up an assembly unit for LCD and washing machines in the state.     

"Our investment will be Rs 800-1000 crore in our telecom business in Punjab," company's Managing Director R N Dhoot told reporters here on Monday.
Under the proposed investment, the company has plans to set up an IT hub for its entire telecom business at Mohali, a call centre with 500 seats initially at Jalandhar and additional 1,200-1,500 towers especially in rural areas to expand coverage, he added.
The proposed IT hub in Mohali, which will have telecom business related infrastructure, including service delivery platform and MNP network, will cater to company's entire telecom requirements, said company's Director and CEO Arvind Bali.
At present, the company has an IT hub in Chennai which will now not be expanded further, he said.
The integrated call centre at Jalandhar will initially have 300 seats, having Tamil, Punjabi, Hindi, English speaking people to support its 2 million telecom customers in Punjab.
When asked about making investment in TVs and washing machines in Punjab, Dhoot said the company would consider investing in setting up a plant for LCD and washing machines.
"We will think about (setting up a plant for) LCD and washing machines (in Punjab) and it will be an assembly plant initially," he said.
However, he said quantum of investment for this plant has not been worked out.
Asked about company's previous announcements of setting up a 1000 MW thermal power project in Punjab, Dhoot said the power plant project could not take off because of non-availability of land and coal.
"For power plant, we need land and coal allocation...investment is in my hand but land and coal is in government's hand. Our application for 1,000 acres of land is pending with state government for last five years. Our application for coal is also with the Coal Ministry," he said.
Asserting that the company was committed to make investment, Dhoot said he today discussed this matter with Punjab Chief Minister Parkash Singh Badal to resolve the issue.
He further said the company wanted to concentrate on telecom and other services like DTH.
Videocon Group in 2010 had said it would set up a thermal power project with a capacity of 1000 MW in Punjab with an investment of Rs 5,000 crore.
Besides, Videocon Chairman and Managing Director V N Dhoot in September 2007 had also announced to set up a 1,000 hectares multi-product SEZ in Punjab with an investment varying between Rs 100-500 crore.


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