Mobile phone manufacturer Micromax will set up its manufacturing plant in Hyderabad with an investment of Rs 400 crore to Rs 500 crore, a Telangana government official said on Monday.
The unit will come up with a mobile manufacturing hub, proposed to be developed in the Electronic Manufacturing Cluster (EMC) here.
State Information Technology, Electronics and Communication Secretary Jayesh Ranjan said, “There is 1,000 acres of land available in EMC,” and that the plant will come up there.
The EMC is coming up in Maheswaram in the Ranga Reddy district near Hyderabad. The government had originally allotted the land in 2008 for Fab City, a special economic zone for semiconductor companies, which did not take off.
The state government and the Indian Cellular Association (ICA), the apex body of the mobile industry comprising manufacturers, brand owners, and application and solution providers, recently agreed to establish a first-of-its-kind mobile manufacturing hub. Representatives of various handset companies visited the site last week.
ICA National Chairman Pankaj Mahindroo, Karbon Mobiles Chairman Sudhir Hasija, and Celkon Managing Director Y Guru had called on Chief Minister K Chandrasekhar Rao last week during the visit.
The proposed hub is expected to generate 1.5 lakh to 2 lakh jobs. Karbon and other manufacturers have evinced interest in setting up their units.
Foxconn Group President Calvin Chin had also met the chief minister last week. A statement from the chief minister’s office said Taiwanese iPhone maker was examining the possibility of setting up a manufacturing facility in Hyderabad.
According to Mahindroo, Telangana, despite being a late entrant, has lot of potential to start manufacturing activities.
He said he was impressed by the new industrial policy announced by the state government last week as it gave the investors clearance rights in a set time-limit.
Meanwhile, Celkon is all is set to launch its manufacturing facility in Medchal near Hyderabad.
Celkon’s unit will begin with four production lines and will work to enhance capacity, the company said without specifying the investment for the plant.
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