Make in India scheme : Spice Group signs MoU with UP Govt. to build mobile manufacturing unit in state

By January 27th, 2015 AT 9:37 PM

Taking forward the government of India’s Make in India campaign, Spice Group, a leading mobile internet conglomerate today announced an investment of Rs 500 crores to set up a manufacturing unit in Uttar Pradesh.

At the occasion, the company also signed a Memorandum of Understanding (MoU) with the government of Uttar Pradesh for setting up the manufacturing unit in the state. The manufacturing unit will bolster the company’s strategy to introduce affordable mobile internet devices in India through domestic manufacturing, thus catering to a larger market by offering best technology at most affordable prices.

Under the MoU, the Uttar Pradesh government will support Spice Group in establishing the facility in the State of Uttar Pradesh in a time bound manner and facilitate the necessary infrastructure, ecosystem and incentives under various schemes announced by the state and central government.

“We are delighted to announce our investment plans to set up a mobile manufacturing unit in Uttar Pradesh with the support of the Government of Uttar Pradesh. With a local manufacturing plant, Spice Group can achieve its vision to create affordable and high technology mobile products for a larger audience. Uttar Pradesh has had a strong connection with our group, ever since we set up the country’s first photocopier manufacturing plant in the state. We would like to thank the Government of Uttar Pradesh for once again extending their support in expanding our company’s business plans,”said Dilip Modi, Chairman, Spice Group.

Through the facility, the company aims to create a high quality production environment, thereby introducing a wider range of high technology mobile internet devices at affordable costs.

The company targets the tier II and III markets through its affordable segment of smartphones and feature phones and unique offerings.

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

guest
0 Comments
Inline Feedbacks
View all comments

Recent Posts

BSNL Offering 3GB Daily Data for 40 Days Under Rs 250 With This Prepaid Plan

Bharat Sanchar Nigam Limited or BSNL is known for its affordable offerings in the prepaid segment. We have seen BSNL...

5G: How Harmful Will It Be for Humans and Other Living Organisms?

A lot of people are concerned about the use of 5G technology for connectivity. This is because a common presumption...

BSNL New Google Bundle for Broadband and Bharat Fiber Users

Bharat Sanchar Nigam Limited (BSNL) until now provided users with a Google Bundle offer who opted for broadband plans with...