Lava Gets Alloted 100 Acres Of Land To Setup Manufacturing FacilityAugust 21, 2015 2015-08-21 14:47
Lava Gets Alloted 100 Acres Of Land To Setup Manufacturing Facility
Mobile handset manufacturer Lava has been allotted 100 acres of land at a cost of Rs 160 crore along the Yamuna Expressway for setting up an electronics manufacturing cluster.
Lava is expected to invest about Rs 2,000 crore to setup the facility where it will most likely assemble feature phones, smartphones and tablets under the Lava and Xolo brand names.
The formalities are expected to be completed by next month, following which the land will be handed over to the Uttar Pradesh Development Systems Corporation Ltd (UPDESCO).
UPDESCO will then develop the facility and transfer it to Lava within 6 months.
The company’s move to setup a local manufacturing/assembly unit is in line with several other Indian and global manufacturers plans of feeding local demand with locally made products.
Taiwanese contract manufacturer Foxconn has recently become active in setting up units in India, looking for new sites to setup units and is forging partnerships with manufacturers.
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