Intex to invest Rs 1,500 crore in new plant

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Giving a noteworthy push to the Make in India activity, local versatile handset maker, Intex has set down arrangements to open an extra and a bigger assembling unit in Kasna, Greater Noida.

Intex has as of now apportioned about Rs 650 crore for the main period of development at the Greater Noida site, organization delegates said on Tuesday. Operations are relied upon to start in mid 2017. The proposed fabricating office is spread more than eight hectares and according to a report discharged by Counterpoint Technology Research, the office has a limit of delivering 35 million units of versatile handsets per annum.

Three out of five assembling offices by Intex are situated in Noida which initiated their operations in 2015 while the other two are situated in Baddi (HP) and Jammu (J&K) with operations going back to 2010 and 2004 separately. This facility planned will be company’s sixth in the country and would manufacture phones, washing machines, LED TVs and mobile accessories as well.

Intex has been manufacturing and assembling diverse items in India since over 10 years now and been among the not very many brands to begin domestic assembly in India. This has permitted Index to exploit certain advantages in the midst of the Indian government’s ‘Make in India’ push.

The company also made a statement that upto 30-40% of components that are used manufacturing of phone are manufactured in India by help of joint ventures .By next year they plans to manufacture the complete unit of a mobile phone, including components, in India itself.

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Madhurima Goyal, From ITvoir News Desk

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