Micromax, India’s leading handset manufacturer, inaugurated its newest manufacturing facility in Telangana today. The plant was inaugurated by Sri K T Rama Rao, Hon’ble Minister for IT and Sri P Mahendra Reddy, Hon’ble Minister for Transport in the presence of other senior State dignitaries. The Telangana manufacturing facility has been made operational from scratch in flat six months and will have the capacity to manufacture one million Mobile Phone devices per month. The facility currently employs 700 people and will increase the number to 1000 employees in the next two months, boosting employment opportunities in the State, as stated by the company in its press release.
Commenting on inauguration, Mr. Rajesh Agarwal, Co-Founder, Micromax said, “By 2017, we aim to be India’s first and largest indigenous phone manufacturer. We have been the front runners for the ‘Make in India’ initiative, by assembling the products locally and quickly ramping up and building capacity of complete manufacturing in close partnership with the Government. We are grateful for the support of government of Telangana for providing a slew of incentives, provisioning of all approvals and compliances in a time bound manner and providing necessary infrastructure and conducive ecosystem for conduct of business. It is primarily due to the industry friendly approach and forward thinking policies of Government of Telangana, that we could set up the plant here in a record time of six months”.
The latest plant at Hyderabad promises not just state-of-the-art manufacturing unit of high-tech products but will also bring in the much needed employment and economic growth to the region creating thousands of jobs for the local citizens. The company has already invested over 100 crores in the project in the first phase, adds the statement of the company.
This manufacturing facility in Telengana will be under thef name of Bhagwati Products Limited which is promoted by Sh. Rajesh Agarwal and his associates. The company has its first plant in Uttrakhand for manufacturing Mobile phones, Tablets, LED TVs, Dongle, and their spares and accessories as OEM supply to Micromax Informatics Ltd. with the capacity to produce 16 lakh Mobile Phones, 1 Lakh LED TV, 1 Lakh Tablets, and 4 Lakh Dongles per month. The Company has already gone for backward integration for manufacturing LED TV panel. The Hyderabad plant is the second unit of Bhagwati Products Limited and has the capacity of producing one million smart phones a month in the first phase. It also has a provision for expansion and a provision to manufacture LED TV and other electronic equipment in the future, as added by the company in its press release.