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Lava to invest Rs 500 crore to set up manufacturing facility in Andhra Pradesh

Industry Electronic & Telecom Equipment

Lava is planning a mobile handset and electronics manufacturing facility at Tirupati in Andhra Pradesh on 20 acres of land. It targets to manufacture five million phones a month once fully functional. The facility is scheduled to be operational in 2017. Approximate cost of the project is around Rs.500 crore.

Extracted from ET, Oct 25,’15

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