Telangana government authorities on Monday revealed that Mobile phone manufacturer Micromax will set up its manufacturing plant in Hyderabad with an investment of Rs 400 crore to Rs 500 crore.
The unit will come up at mobile manufacturing hub, proposed to be developed in Electronic Manufacturing Cluster (EMC).
State Information Technology, Electronics and Communication Secretary Jayesh Ranjan said that the hub will come up in EMC. “There is 1,000 acres of land available in EMC,” he told reporters on the sidelines of an event.
The EMC is coming up in Maheswaram in Ranga Reddy district near Hyderabad. The government had originally allotted the land in 2008 for Fab City, a special economic zone for semiconductor companies, which did not take off.
The state government and Indian Cellular Association (ICA), the apex body of the mobile industry comprising manufacturers, brand owners, and application and solution providers, recently agreed to establish a first-of-its-kind mobile manufacturing hub. Representatives of various handset companies last week visited the site.
ICA national chairman Pankaj Mahindroo, Karbon mobiles chairman Sudhir Hasija and Celkon M.D. Y Guru had last week called on Chief Minister K Chandrasekhar Rao.