by Suman Gupta
Cellecor Signs Preliminary Heads of Terms for Proposed 15-Acre Manufacturing and Assembly Hub in Liberia’s Buchanan Special Economic Zone; Facility Envisaged as Gateway to a West African Market of Over 400 Million People
New Delhi, 19 August 2026: Cellecor Gadgets Limited (“Cellecor”), one of India’s fastest-growing homegrown consumer electronics brands, has taken a strategic step towards establishing its first manufacturing footprint outside India. The Company’s overseas step-down subsidiary has entered into Preliminary Heads of Terms with the Liberia Special Economic Zone Development Company (LSEZDC) for a proposed manufacturing and assembly facility in the Buchanan Special Economic Zone, Grand Bassa County, Liberia. The Liberia Special Economic Zones Authority (LSEZA), a statutory authority of the Government of Liberia, signed the document as witness and acknowledged its support in principle for the proposed project.
The proposed project marks a new chapter in Cellecor’s evolution. Having built a diversified consumer technology portfolio spanning Smart TVs, Washing Machines, Party Speakers, Air Conditioners, Fans and Coolers, Smartphones, Feature Phones, Small Kitchen Appliances (Mixer Grinders, Blenders, Electric Kettles, Rice Cookers and Induction Cookers), Small Domestic Appliances (Irons, Heaters, Geysers, Personal Care Products, Pedestal Fans and Ceiling Fans), and Tablets, the company is now evaluating the next step in its value chain: developing manufacturing and assembly capabilities and extending its platform beyond India. Cellecor’s business has been built around a straightforward consumer proposition of combining innovation, functionality and affordability across a wide range of price points, and the Liberia initiative is intended to extend that proposition into manufacturing, localisation, regional distribution and market expansion from an African base.
The facility is presently envisaged across approximately 15 acres within the Buchanan Special Economic Zone and is intended to support manufacturing and assembly, testing and quality control, packaging, warehousing and logistics, the export of finished and semi-finished products, and training and skills development.
The move comes as Africa enters a new phase of digital and technology-led growth. Mobile technologies and services contributed approximately USD 240 billion to Africa’s economy in 2025, equivalent to 7.8% of the continent’s GDP, a figure GSMA projects will rise to approximately USD 290 billion by 2030. Affordability remains a significant barrier to wider digital adoption across the continent, creating room for accessible, value-led consumer technology, the space in which Cellecor has built its India business.
Liberia’s position on the Atlantic coast gives Cellecor a potential gateway to the wider West African region, home to more than 400 million people across 15 countries. LSEZA has identified electronics assembly and manufacturing as a specific opportunity for the country, and local production of this kind is expected to shorten supply chains, reduce logistics costs and create employment across the region.
Commenting on the development, Mr. Ravi Agarwal, Managing Director, Cellecor Gadgets Limited, said: “Cellecor was built on the belief that technology should be accessible, relevant and affordable. Our proposed entry into Africa takes that philosophy into a new geography and, importantly, into a new part of the value chain. We are not looking at Liberia simply as a market; we are exploring the opportunity to build a manufacturing and regional platform from which Cellecor can participate in Africa’s long-term consumer technology growth.”
The initiative will now progress through technical planning, feasibility assessment, site development and regulatory engagement, as the parties work towards finalising the facility configuration, product portfolio, manufacturing model and implementation roadmap. If it proceeds, the project is expected to contribute to local employment, technical capability development and manufacturing capacity in Liberia, while giving Cellecor a potential base for further expansion across African markets.
For Cellecor, the initiative represents more than an entry into a new geography. It reflects the Company’s ambition to evolve from an Indian consumer technology brand into a more geographically diversified business, with manufacturing and market capabilities that extend beyond India.
About Cellecor Gadgets Limited: Cellecor Gadgets Limited’s journey in the electronics device business, and selling products under its own brand, including Smart TVs, Smart Gadgets, Wearables, Mobile Phones, Home and Kitchen Appliances, and more, outsourced from various electronic assemblers and manufacturers, started in 2012 as M/s Unity Communications-its founder Mr. Ravi Agarwal’s proprietorship firm. The company is promoted and managed with an enduring, sustainable business strategy, wherein the company aims to synergistically amalgamate business potential embedded in the ever-growing demand for electronic products with a modern business approach of sourcing, producing, and marketing with the objective of providing quality products at affordable prices. Today, Cellecor Gadgets Ltd. is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, soundbars, smartwatches, washing machines, and many more.The securities of the Company are listed on the NSE EMERGE (SME Platform of National Stock Exchange of India Limited) with Scrip Code: CELLECOR
For more information, visit:https://cellecor.com
