NEW DELHI: Handset maker Micromax will invest a total of Rs 300 crore over the next few months, as it sets up three manufacturing units to boost domestic production and decrease dependence on China for mobile accessories.
Micromax reported that it will be setting up the new plants in Andhra Pradesh, Rajasthan and Telangana. The manufacturing units are expected to go operational from June, 2016.
Rajesh Agarwal, co-founder of Micromax said “We have been allotted 20 acres of land in Telangana and another 25 acres in Rajasthan. Civil structure is almost ready in these two plants and we will soon start the production process”.
The company is expected to boost its capacity to 4 million units, once the three factories starts functioning. As of now, the firm produces 1 million units in India and depends on imports from China for additional supplies.
“Micromax will invest Rs 100 crore on each unit and we expect to provide more than 10,000 jobs after the factories are functional. This is more than the Make in India”, Agarwal said. “We see that our company starts manufacturing in India from 2017 on a full scale and we are sure of exporting our products to markets out of India too”, he added.
Currently, Micromax had an assembly unit in Uttarakhand which produces 1 million units and only accounts for 30-35% of demand. Other competitors like Samsung and Spice mobiles have assembly units in India at more than three places.