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Micromax to invest Rs 300Cr for 3 manufacturing plants in India

Indian smartphone manufacturer Micromax will invest Rs 300 crore in India over the next few months to set up three new manufacturing units, reports IBNLive. The new plants will be set up in Andhra Pradesh, Rajasthan and Telangana, and will be operational by next year. As of now, Micromax claims that it has allotted 20 acres of land in Telangana and 25 acres in Rajasthan for the manufacturing plants. The construction on both these plants will begin soon, while the location for the Andhra Pradesh will be decided soon. Overall, the company aims to have a capacity of 4 million units once these plants are fully functional. It will invest Rs 100 crore in each plant. Micromax currently has an assembly unit in Rudrapur which produces around 1 million units, accounting for one third of the company’s requirements, with the rest of the units imported from China. The company had started manufacturing at this plant in April last year, where it also manufactures all the tablets sold in the country. Interestingly, Micromax mentions that by 2017, it will start to manufacture batteries and other components in India. Manufacturing in India: The Indian government has been encouraging domestic companies to start manufacturing electronics goods within the country instead of importing them and had approved a National Policy on Electronics. Since then, various smartphone manufacturers have said they will start manufacturing in India or have already started doing so. - Last month, Optiemus Infracom, the founder of the domestic mobile brand Zen…

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