Micromax investing Rs 300 cr for Make in India

micromaxIndian Handset maker Micromax will invest Rs 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production and reduce dependence on imports from China. The new plants will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational over the course of next year.

“We have been allotted 20 acres land in Telangana and the civil structure is almost ready. Similarly, in Rajasthan, we have got 25 acres land and construction will start in a few days. Tirupati will also start soon”, Micromax co-founder Rajesh Agarwal stated.

He added that “once all the units are functional, the company will have a capacity of about 4 million units. We will be able to provide employment to some 3,000-3,500 people in each factory.