Lava to set up Rs. 500-cr manufacturing facility - Feedback

Lava International, with a turnover of Rs. 7,000 crore in 2014-15, has lined up investments of Rs. 2,615 crore in three phases to take the production capacity to 1.8 crore phones a month from the present 20 lakh.

As part of the expansion, it will set up a manufacturing facility at Tirupati in Andhra Pradesh, which is evolving as a mobile handset manufacturing hub. It would also set up a research and development facility in Telangana with 200 people. “We are going to invest Rs. 500 crore in Tirupati to build the facility on 20 acres that can produce 50 lakh phones a month. It will have 12,000 employees,” Sandeep Dongre, Senior Vice-President and Hub Head (East, Telangana and Andhra Pradesh), has said. Addressing a press conference here on Thursday, he said Rs. 2,615 crore would be implemented in three phases. In the first phase, it would invest Rs. 57 crore to take the capacity to 25 lakh phones a month at its Noida facility.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *