Rs 500cr Investment By Lava to Enhance Tirupati Mobile Cluster

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