Jivi Mobiles to invest Rs 200 crore in manufacturing plants – Feedback

Smartphone maker Jivi Mobiles will set up two new manufacturing facilities with an investment of Rs 200 crore. The Delhi-based firm currently offers affordable handsets starting from Rs. 699.

The setting up of the manufacturing facilities is part of Jivi Mobiles’ response to Prime Minister Narendra Modi’s ‘Make in India’ initiative, Press Trust of India reports. Jivi Mobiles has a fabrication unit in Delhi. The facility, built on an area of 16,000 sq.ft., caters to consumer demands from north and east India. With manpower of about 300 employees, the unit can manufacture seven lakh phones per month. Jivi Mobiles also plans to cut cost on import duty which is 12.5 per cent, the company said in a statement. The second facility of Jivi Mobiles, which will be based at Lonavala in Maharashtra’s Pune district will cater to the south and western parts of the country. Another facility will become operational over the next few months and will handle western and southern parts of India.

http://www.ibtimes.co.in/make-india-jivi-mobiles-invest-rs-200-crore-manufacturing-plants-690722#DPGlBCFSAt5HH4B5.97

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