Micromax, Celkon, Karbonn And Lava to set-up mobile manufacturing units At Tirupati

Micromax, Celkon, Karbonn and Lava have announced that they will set up manufacturing units at Sri Venkateshwara Mobile and Electronics Manufacturing hub in Tirupati, Andhra Pradesh, under the Make in India initiative.Prime Minister Narendra Modi laid the foundation stone for the manufacturing hub yesterday.

The four comapnies will set up their units at the 122-acre electronics manufacturing hub where Celkon will get 20 acres, Micromax 15 acres, Karbonn 15.28 acres and Lava 20 acres. Together, the four companies are aiming to produce more than 7 crore mobile handsets per year.

The four companies will be investing Rs. 2,000 crores in phases at the hub, located near Renigunta airport, Chittoor district. The facility will create around 45,000 jobs in next 5 years, of these around 15,000 would be direct jobs and 30,000 would be indirect jobs. The hub will also house all the players in the ecosystem that includes manufacturers of  mobile accessories.

Celkon stated that it targets to start production within six months from now and they will manufacture smartphones and tablets at this facility.

The mobile and electronics manufacturing hub will be operational before Q3 next year.