VVDN Technologies has set up a 10-acre global innovation park at Manesar, Gurugram. Through this, VVDN aims to further strengthen its engineering service offerings and increase its manufacturing capacity by adding to the infrastructure.
The new facility has a capacity of around 100,000 employees and is expected to be operational by the middle of May 2020.
VVDN had recently secured a 5G manufacturing deal from Sterlite Technologies. As per the terms of this deal, VVDN will make 5G radio products including small cells and macro RU.
Meanwhile, VVDN had also raised Rs 2.5 billion from Motilal Oswal Private Equity (MOPE)-led fund to expand operations and 5G capabilities.