Micromax To Invest Rs 300 Crore And Set Up New Manufacturing Units In India #MakeInIndia

Micromax plans to set up up three new manufacturing units in India, for which the company will invest Rs 300 crore. The plants will be set up in Rajasthan, Telangana and Andhra Pradesh and is expected to start operations by next year.

MakeInIndia
MakeInIndia

The company aims to reduce the imports from China by increasing the production in the country.

Micromax co-founder Rajesh Agarwal, said, “We have been allotted 20 acres land in Telangana and the civil structure is almost ready. Similarly, in Rajasthan, we have got 25 acres land and construction will start in a few days. Tirupati will also start soon.”

The company will invest Rs 100 crore in each plant. The company currently has an assembly unit in Rudrapur, Uttarakhand. With the new plants, the company will have a capacity of about 4 million units.

[source]

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