Jivi Mobiles to invest Rs 200 cr on capacity expansion – Feedback

Domestic handset maker Jivi Mobiles today said it will invest Rs 200 crore to increase capacity to around seven lakh handsets per month at its two manufacturing units that will create jobs for 1,000 people.

The company, which is making feature phones at its Delhi unit, is also planning to start assembling smartphones by next year. The other unit is located at Lonavla, Maharashtra. The company, with an eye on the rural customers of Uttar Pradesh, Rajasthan, Bihar, Madhya Pradesh and West Bengal, also launched seven feature phones today in the price range of Rs 699-1,199. “Currently, we are focusing on feature phones and want to lead in the segment. All our devices are assembled locally,” Jivi Mobiles CEO Pankaj Anand said here. He further said 65-70 per cent of the market is feature phones.

http://www.business-standard.com/article/pti-stories/jivi-mobiles-to-invest-rs-200-cr-on-capacity-expansion-116042000779_1.html

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