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Mobile phone manufacturer Micromax will set up its manufacturing plant in Hyderabad with an investment of Rs.400 crore to Rs.500 crore, a Telangana government official said on Monday.
The unit will come up mobile manufacturing hub, proposed to be developed in Electronic Manufacturing Cluster (EMC) here.
The Land for EMC was previously allotted to Fabcity in Maheswaram in Ranga Reddy district near
Hyderabad. This move will push prominence to the the locality around Tukkuguda which is beside ORR.
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 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.
The proposed hub is expected to generate 1.5 lakh to 2 lakh jobs. Karbon
and other manufacturers have evinced interest in setting up their
units.
Foxconn Group president Calvin Chin had also called on the chief
minister here last week. A statement from the chief minister''s office
said Taiwanese iPhone maker was examining the possibility of setting up a
manufacturing facility in Hyderabad.
According to Mahindroo, Telangana, despite being a late entrant, has lot of potential to start manufacturing activities.
He said he was impressed by the new industrial policy announced by the
state government last week as it gave the investors right to clearance
in a set time-limit.
Meanwhile, Celkon is all is set to launch its manufacturing facility in Medchal near Hyderabad.
Celkon''s unit will begin with four production lines and will look to
enhance capacity, the company said without specifying the investment for
the plant.
Comment : We had strongly recommended members to book plots at PLS23 Project which faces ORR and is just 3KM before Ecity Entrance. May check availability of PLOTS right Now!
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