Micromax India has set up its newest handset manufacturing unit in Telengana. The state’s IT minister Mr K T Rama Rao and Transport minister Mr P Mahendra Reddy inaugurated the unit. It is stated by micromax that the new unit has the capacity of manufacturing an approx of one million mobile phones every month. The unit, which has a current employment rate of 700 persons, will gradually increase its number to 1000 in the next two months, giving a boost to employment in the state of Telengana.
In the first phase, the company has invested more than Rs 100 crores for the unit. About the unit, Mr K T Rama Rao said “Telangana strongly believes in the vision of ‘Make in India’ and has always encouraged corporates to establish their factories and R&D centres in the state. We are very happy that Micromax has chosen Telangana as the destination for setting up its manufacturing facility. We believe this partnership will provide new opportunities to youth of the state and develop an electronics manufacturing ecosystem of global standards in Telangana.” Joining him was Mr P Mahendra Reddy, who commented “With inception of Micromax plant, the company will focus on integrating product design capabilities with efficient manufacturing processes which will help in economic development of the state.”
The co-founder of Micromax, Mr Rajesh Agarwal was present in the occasion. He thanked the Telengana Government for all the initiative taken. “It is primarily due to the industry friendly approach and forward thinking policies of the Government of Telangana that we could set up the plant here in a record time of six month. We would like to thank the government for providing us with the the incentives, necessary infrastructure and the conducive environment,” he said.
“By 2017, we aim to be India’s first and largest indigenous phone manufacturer. We have been the front runners for the ‘Make in India’ initiative, by assembling the products locally and quickly ramping up and building capacity of complete manufacturing in close partnership with the Government,” Mr Agarwal added.