Intex To Set Up Manufacturing Unit In Rajasthan
The mobile phone manufacturing market in India has been witnessing many positive announcements since the last couple of months. Intex, one of the biggest domestic mobile manufacturing company, has announced that it is planning to invest Rs 1,000 crore to open a manufacturing unit at Greater Noida. The “Make in India” initiative by the government of India’s has encouraged many global as well as Indian companies to start manufacturing base in the country and for Intel, this would be their fifth manufacturing base in the country. The company already has four manufacturing units, two in Jammu, one in Himachal Pradesh and the other at Noida.
By opening this fifth manufacturing unit, Intex plans to manufacture one million mobile phones per month and it will also ensure that the country’s dependence on imports reduces considerably. Recently, Amitabh Khurana, Head, Manufacturing, Intex Technologies had told PTI that the company believes in the government endevour to enhance manufacturing in the country and Intex feels that this is the right time to invest in manufacturing as this would enable India to become a manufacturing super power.
Here it should be noted that India is one of the largest market for smartphones globally and this has initiated many global players to open their manufacturing unit to tap the vast domestic demand. If we look at the figures released by IDC, in the April-June quarter, smartphone shipments in the country increased by 44 percent to 26.5 million units compared to the same period last year.