HYDERABAD: Micromax inaugurated its newest manufacturing facility at Hyderabad today. The company has already invested over 100 crores in the project in the first phase and has plans to set up a R&D center at Hyderabad as well.
Rajesh Agarwal, Co-Founder, Micromax 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."
The Hyderabad plant is the second unit after the Uttrakhand unit and has the capacity of producing one million smart phones a month in the first phase. It also has a provision for expansion and a provision to manufacture LED TV and other electronic equipment in the future.
Uttrakhand facility has the capacity to produce 16 lakh Mobile Phones, 1 Lakh LED TV, 1 Lakh Tablets, and 4 Lakh Dongles per month. The company has already gone for backward integration for manufacturing LED TV panel.
K T Rama Rao, Minister for IT, Panchayat Raj and Municipal Administration & Urban Development, Telangana said, “We believe this partnership will provide new opportunities to youth of the state and develop an electronics manufacturing ecosystem of global standards in Telangana.”
The facility currently employs 700 people and will increase the number to 1000 employees in the next two months.