With an aim to transform the state into an electronics manufacturing hub, Kerala has launched its own laptop brand.
Coconics, which is a Public-private partnership (PPP) will soon begin manufacturing laptops in the state.
It is a joint venture between the Kerala government and US-based technology major UST global.
UST Global holding will have a 49 per cent share, while Keltron has 26 per cent and KSIDC will own 23 per cent stakes and Axeleron has 2 per cent shares in the venture that is set up at a cost of Rs 30 crore.
The laptops will be manufactured at the State-run Keltron campus in Neyyattinkara, Thiruvananthapuram.
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According to Kerala Chief Minister Pinarayi Vijayan, the project also includes the involvement of KSIDC and Axeleron and will have the guidance and technical assistance of the Intel Corporation.