Lava to set up Rs.500 cr manufacturing facility in AP

In line with ´Make in India´ initiative, domestic handset vendor Lava will invest Rs.500 crore to set up a manufacturing plant in Tirupati. Prime Minister Narendra Modi laid the foundation stone for a dedicated mobile handset and electronics manufacturing facility at Tirupati, Andhra Pradesh. According to officials, apart from Lava, the facility will house brands like Micromax, Celkon and Karbonn.
In July, Lava had said it will invest Rs.2,615 crore over the next seven years to set up two manufacturing units in India. Once operational, the units will have a combined capacity of 18 million handsets per month.