With an intend to change the state into a electronic manufacturing hub, Kerala has launched its very own laptop brand.

Coconics, which is a Public-private organization (PPP) will start producing laptops in the state.

Coconics

It is a joint endeavor venture the Kerala government and US-based technology major UST global.

UST Global holding will have a 49 percent share, while Keltron has 26 percent and KSIDC will own 23 percent stakes and Axeleron has 2 percent shares in the tried that is set up at an cost of Rs 30 crore.

The laptops will be manufactured at the State-run Keltron campus in Neyyattinkara, Thiruvananthapuram.

As per Kerala Chief Minister Pinarayi Vijayan, the project additionally incorporates the inclusion of KSIDC and Axeleron and will have the direction and technical assistance help of the Intel Corporation.

“We are going to leverage the advantage we have in human resources by pivoting to Hi-tech manufacturing,” Vijayan said in a Facebook post.

He additionally added that Coconics venture plans to create quality PCs and focus in Kerala and the emphasis will be on giving electronic hardware to government offices, educational institutions and business.

The venture which has an capacity to launch two lakh workstations every year will before long go into business creation.

The main line of Coconics PCs will be propelled on February eleventh, amid the Electronic Manufacturing summit in Delhi.

Coconics is said to be the first PPP venture manufacturing PCs and servers in India.

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