The consumer electronics major Micromax has inaugurated its newest manufacturing facility in Telangana. The manufacturing unit was inaugurated by state's IT minister K. T. Rama Rao and Transport Minister P. Mahendra Reddy.
The new facility has capacity to manufacture one million mobile phones per month. The factory has currently 700 people employed in it and it has plans to increase the head counts to 1000 in another two months, boosting the employment opportunities in Telangana. Micromax has already invested over Rs.100 crores in the project in the first phase, a release from the company said.
Commenting on the opening of the manufacturing facility, Mr. Rao said, “Telangana strongly believes in the vision of ‘Make in India’ and has always encouraged corporates to establish their factories and R&D centres in the state. We are very happy that Micromax has chosen Telangana as the destination for setting up its manufacturing facility. We believe this partnership will provide new opportunities to youth of the state and develop an electronics manufacturing ecosystem of global standards in Telangana.”
“With inception of Micromax plant, the company will focus on integrating product design capabilities with efficient manufacturing processes which will help in economic development of the state,” Mr. P. Mahendra Reddy, Minister of Transport, Telangana said.
Mr. Rajesh Agarwal, Co-Founder, Micromax thanked the Government of Telangana for providing incentives, provisioning of all approvals and compliances in a time bound manner, and providing necessary infrastructure and conducive ecosystem for conduct of business. “It is primarily due to the industry friendly approach and forward thinking policies of the Government of Telangana that we could set up the plant here in a record time of six months,” he said.
“By 2017, we aim to be India’s first and largest indigenous phone manufacturer. We have been the front runners for the 'Make in India' initiative, by assembling the products locally and quickly ramping up and building capacity of complete manufacturing in close partnership with the Government,” he added.