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Lava plans to move export manufacturing base to India
Handset maker Lava International plans to shift its export manufacturing base from China to India this year on the back of an incentive scheme, and a top executive said the company will invest about Rs 800 crore over the next five years.
“We have been eagerly looking forward to an opportunity to shift our entire mobile R&D, design and manufacturing from China to India,” Hari Om Rai, chairman of home-bred Lava International, told ET. He said the company will invest Rs 80 crore for the transition that is planned to be executed within six months.
Handset maker Lava International plans to shift its export manufacturing base from China to India this year on the back of an incentive scheme, and a top executive said the company will invest about Rs 800 crore over the next five years.
“We have been eagerly looking forward to an opportunity to shift our entire mobile R&D, design and manufacturing from China to India,” Hari Om Rai, chairman of home-bred Lava International, told ET. He said the company will invest Rs 80 crore for the transition that is planned to be executed within six months.