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Micromax to invest Rs 300 cr

Industry Electronic & Telecom Equipment

Micromax is planning to set up mobile handset manufacturing units in Rajasthan, Telangana and Andhra Pradesh and will become operational over the course of next year.  It has received land allotment of 20 acres land in Telangana and the civil structure is almost ready. Similarly, in Rajasthan, it has received 25 acres land and construction will start in a few days. Andhra Pradesh unit would also start soon. It will invest about Rs. 100 crore on each of the new units.

Extracted from HBL, Dec 13,’15

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