Micromax Plans Rs 300 Crore Investment To Go ‘Made In India’

The new facility will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational over the course of next year.

The company have been allotted 20 acres land in Telangana and 25 acres of land in Rajasthan.

The overall production capacity will be about 4 million units.

Global handset makers like Samsung and domestic players like Spice have assembly units in India.

International players like Xiaomi, Gionee and Asus have announced assembly units in partnership with electronics major Foxconn in Andhra Pradesh in the recent past.

Handset makers are looking to tap the multi—billion dollar opportunity in India, which is one of the fastest growing smartphone markets in the world.