Spice Mobile to start manufacturing unit;will invest Rs 100 cr
.NEW DELHI: Handset maker Spice Mobile today said it will start a manufacturing unit for mobile devices in the country by next year with an initial
investment of Rs 100 crore.
"We already have a facility in Baddi, Himachal Pradesh where we manufacture other devices. We will extend the existing facility and start manufacturing mobile handsets from March 2010. Initially, the company has earmarked an investment of Rs 100 crore for the purpose," Spice Mobiles National Marketing Head Payal Gaba told news agency.
The B K Modi Group-owned company, is looking at manufacturing two million units a month once the facility starts operation in March.
The company which claims to be the third largest handset maker in India after Nokia and Samsung, is currently, manufacturing the devices in China