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Lava to invest Rs 2,615 cr to set up 2 manufacturing units

Industry Electronic & Telecom Equipment

Lava International is planning to set up mobile handset manufacturing units one in south and another in the north of the country (India). Approximate investment to be made is around Rs. 2,615 crore funded through internal accruals. The funds will be deployed over a period of seven years. The locations will be finalized shortly.

Extracted from BS, July 27,’15

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