German consumer electronics brand Blaupunkt plans to invest around $300 million in three to five years to expand its television (TV) business in India where it has just entered into the category.

The initial investment in the country would be in the tune of $5 million.

The company will be manufacturing TV businesses in India with the help of the local partners.

Blaupunkt plans to export its products to neighbouring markets like Bangladesh and Sri Lanka as well.