In line with the government’s ‘Make in India’ initiative, domestic handset vendor Karbonn will invest Rs 200 crore to set up a manufacturing plant at Tirupati in Andhra Pradesh.
Last week, Prime Minister Narendra Modi had laid the foundation stone for a dedicated mobile handset and electronics manufacturing facility at Tirupati.
Apart from Karbonn, the facility will house brands like Micromax, Celkon and Lava.
“We are setting up an integrated facility at Tirupati. The plant, which will be operational by September next year, will have a manufacturing capacity of 500,000 units a month,” Karbonn chairman Sudhir Hasija told PTI.
He added that the company will invest Rs 200 crore in the facility and employ 2,000 people to start with.
“We currently have a monthly capacity of 1.8-2 million units and we are looking at scaling this up to 2.5 million by December next year,” he said.
Over the next few years, the plan is to develop the entire manufacturing ecosystem in India along with component manufacturing, he added.
“By 2017, we will have miniscule imports as we will manufacture in India rather than just assembling here,” Hasija said.
Karbonn has a unit in Noida that manufactures feature phones. It is also setting up a facility in Haryana that is about thrice the size of the Noida plant.