KTR Inaugurates Micromax Manufacturing Facility in Telangana
Taking ahead the Government of India’s ‘Make in India’ campaign, Micromax, India’s leading handset manufacturer, inaugurated its newest manufacturing facility in Telangana today. The plant was inaugurated by K T Rama Rao, Minister for IT, and P Mahendra Reddy, Minister for Transport.
The Telangana manufacturing facility has been made operational from scratch in six months and will soon 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.
In his address, KTR said, “Telangana Government strongly believes in the vision of ‘Make in India’ and has always encouraged corporates to establish their factories and R&D centres in the state. We believe this partnership with Micromax will provide new opportunities to youth of the state and develop an electronics manufacturing ecosystem of global standards in Telangana.”
The minister added that the government has always encouraged corporations to establish their units in Telangana.
Later, P Mahender Reddy, Minister of Transport, Telangana mentioned that, “In a very short span of time since its formation, Telangana has emerged as one of the fastest growing states with immense focus by the Government on public-private partnership for the growth and prosperity of the state. With inception of Micromax plant, the company will focus on integrating product design capabilities with efficient manufacturing processes which will help in economic development of the state.”
Commenting on inauguration, Mr. Rajesh Agarwal, Co-Founder, Micromax said, “By 2017, we aim to be India’s largest indigenous phone manufacturer. We have been the front runners for the ‘Make in India’ initiative and we are grateful for the support of government of Telangana for extending immense support. It is only because of this that we could set up the plant here in a record time of six months.”
The latest plant in Hyderabad promises not just a 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.