In line with 'Make in India' initiative, domestic handset vendor lava will invest Rs500 crore to set up a manufacturing plant in Tirupati. Earlier this week, Prime Minister Narendra Modi had laid the foundation stone for a dedicated mobile handset and electronics manufacturing facility at Tirupati, Andhra Pradesh. According to officials, apart from lava, the facility will house brands like Micromax, Celkon and Karbonn.
“The manufacturing plant, which will be operational in 2017, will target production capacity of five million phones a month once fully functional. lava will invest Rs500 crore for this facility that will be set up over 20 acres of land allotted by the Government,” company's International Chief Manufacturing Officer Sanjeev Agarwal told PTI.
He added that the facility will aim to generate employment for 12,000 people. “Over the next few years, we plan to develop the entire manufacturing ecosystem in India,” Agarwal said.