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Intex to set up Rs 1,000-crore manufacturing facility in Greater Noida

  • Domestic mobile phone
    maker Intex will invest Rs 1,000 crore to set up a manufacturing facility at
    Greater Noida in Uttar Pradesh, as it looks to end dependence on imports to
    meet its demand.
  •  
  • The facility, spread
    over 2 million square feet area, would be ready in three years and will have a
    capacity to produce 35 million phones. It will also produce LED televisions,

    • Domestic mobile phone
      maker Intex will invest Rs 1,000 crore to set up a manufacturing facility at
      Greater Noida in Uttar Pradesh, as it looks to end dependence on imports to
      meet its demand.
    •  
    • The facility, spread
      over 2 million square feet area, would be ready in three years and will have a
      capacity to produce 35 million phones. It will also produce LED televisions,
      washing machines, and other computer peripherals.
    •  
    • The company believes
      in promoting manufacturing in India
      and is making about a million phones per month, Intex Technologies Head,
      Manufacturing, Amitabh Khurana told the Press Trust of India.
    •  
    • In India, Intex has four manufacturing facilities –
      two in Jammu,
      one each at Baddi (Himachal Pradesh) and Noida.
    •  
    • “The current
      emphasis on ‘Make in India’
      campaign is a step in the right direction to make India an economic superpower. Intex
      already has a sizeable manufacturing base in the country and going forward
      there are aggressive plans to consolidate the manufacturing activities even
      further,” Khurana said.
    •  
    • Intex has been
      manufacturing in India
      since 2001. Apart from manufacturing, the company will invest Rs 500 crore in
      research and development over the next few years. The firm is aiming two-fold
      growth in revenue to Rs 8,000 crore in the current financial year with 85
      percent of it coming from mobile division.
    •  

    •  
    • The company closed
      2014-15 with a turnover of Rs 4,000 crore and about 75 percent revenue came
      from the mobile division. Consumer durables and IT products accounted for the
      rest.
    •  
    • “Intex has shown
      robust performance in mobile phones market during the past one year and has
      surpassed competition in last three months vis-a-vis shipments and local
      manufacturing (combined),” Intex Technologies Head Mobile Business Sanjay
      Kalirona said.
    •  
    • India is one of the fastest-growing smartphone markets globally
      and is expected to replace the US
      as the second largest market by 2017, as people switch to smartphones from
      feature phones and gradually upgrade to 4G-enabled phones.
    •  
    • In the April-June
      2015 quarter, smartphone shipment in India grew 44 percent to 26.5
      million units from the year-ago period, as per research firm IDC.

     

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