Consolidation in Indias fragmented telecom industry and estimated spurt in manufacturing have opened up new growth avenues. With close to 1 billion mobile subscribers, India is the second-largest as well as one of fastest growing telecommunication markets in the world.
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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