Sudhir Hasija and Pradeep Jain, promoters of Karbonn Mobile, in partnership with Water World have launched the Million Club Manufacturing (MCM) mobile manufacturing plant in Noida.
MCM will help domestic as well as global mobile phone makers manufacture devices locally in order to feed their growth in India, while also pushing the Make In India initiative.
Setup with an initial investment of Rs 50 crore, the unit is spread across 1.5 lakh sq-ft, employees close to 2,000 technicians and has the capability to produce 1.5 million phones in a month.
In the second development stage, MCM will draw an additional investment of Rs 100 crore and will aim to scale up manufacturing to 3 million units per month within one year.
India is one among the fastest growing smartphone markets in the world and with the government incentivising local manufacturing, several OEMs are considering local manufacturing.