Kodak TV India in March announced an investment of over Rs 300 crore over the next three years to strengthen its capabilities in IoT technologies. The investment in IoT technologies will focus on building intelligent TVs that are intuitive and meet the demands of the “new Indian customer”, a company statement said.

Avneet Singh Marwah, Director and CEO, Super Plastronics Pvt Ltd, Kodak Brand Licensee in India, said: “In 2020, we focused on expanding our manufacturing capacity and market presence with an investment of Rs 500 crore. Now, we will be expanding our IoT investment so we can continue to give competition to phones brands which are entering into the TV category. With the new pipeline, we are confident that we can capture more than 10 percent of market share by the end of 2021.”