Domestic
handset vendor Lava will invest Rs 500 crore to set up a manufacturing plant in
Tirupati.
Earlier
this week, Prime Minister Narendra Modi had laid the foundation stone for a
dedicated mobile handset and electronics manufacturing facility at Tirupati in Andhra
Pradesh.
According
to officials apart from Lava, the facility will house brands like Micro max,
Celkon and Karbonn.
“The
manufacturing plant which will be operational in 2017, will target production
ca pacity of five million phones a month once fully functional. Lava will
invest Rs 500 crore for this facility that will be set up over 20 acres of land
allotted by the government,“ said company's international chief manufacturing
officer Sanjeev Agarwal.
Source: Agencies
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