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Ziox Mobiles invests Rs 500 crore to set-up handset assembly unit in Delhi

Industry Electronic & Telecom Equipment

Ziox Mobiles is planning 7-8 assembling units at Peeragarhi in Delhi, which will have a capacity of producing 5-6 lakh devices per month. The facility will be operational by the end of next month. Estimated cost of the project is around Rs.500 crore. Further, Ziox is also setting up Research and Development center (R&D) in Delhi next year.

Extracted from ET, June 24,’15

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