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Oppo’s manufacturing unit in Noida to go live by end of this year

Chinese smartphone maker Oppo will start manufacturing phones in the Greater Noida area by the end of this year, reports the Economic Times. The company has invested Rs 145 crore in setting up the plant on a 110 acre area, and has completed the registry process with the government. The report mentions that, in order to promote industries in the city, the state government has conditionally waived off stamp duty charges of Rs 9.7 crore. The condition of the waiver being that Oppo will begin manufacturing by December 2017, else the company will forfeit the Rs 9.7 crore held in a bank account as guarantee. The company mentions that the unit will be fully operational in 3 years, by March 2020. Note that Oppo had said it would setup a plant in Noida in April last year, with a capacity…

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