Mobile phone manufacturer Micromax
will set up its manufacturing plant in
Hyderabad with an investment of Rs. 40
crores to Rs. 500 crores, a Telangana
government official said on Monday.
The unit will come up mobile
manufacturing hub, proposed to be
developed in Electronic Manufacturing
Cluster (EMC) in Hyderabad.
State Information Technology,
Electronics and Communication Secreta
Jayesh Ranjan said that the hub will
come up in EMC. "There is 1,000 acres
land available in EMC," he told reporter
on the sidelines of an event.
The EMC is coming up in Maheswaram
Ranga Reddy district near Hyderabad.
The government had originally allotted
the land in 2008 for Fab City, a special
economic zone for semiconductor
companies, which did not take off.
The state government and Indian Cellul
Association (ICA), the apex body of the
mobile industry comprising
manufacturers, brand owners, and
application and solution providers,
recently agreed to establish a first-of-it
kind mobile manufacturing hub.
Representatives of various handset
companies last week visited the site.
http://m.gadgets.ndtv.com/mobiles/news/micromax-to-invest-up-to-rs-500-crore-on-hyderabad-plant-704127
