KTR inaugurates Micromax plant at Maheshwaram
Hyderabad, April 14 (INN): Taking ahead Government of India's 'Make in India' campaign, Micromax, India's leading handset manufacturer, inaugurated its newest manufacturing facility in Telangana on Thursday.
The plant was inaugurated by Information Technology Minister K. Tarakararama Rao at Maheshwaram in Ranga Reddy district today. The manufacturing facility has been made operational from scratch in flat six months and will have the capacity to manufacture one million Mobile Phone devices per month. The facility currently employs 600 people and will increase the number to 1,000 employees by November this year.
Speaking on the occasion, KTR said that the Telangana Government strongly believes in the Prime Minister's vision of 'Make in India' and has always encouraged corporates to establish their factories and R&D centres in the state. "We are very happy that Micromax who has been a front runner in demonstrating technological prowess by bringing future disruptions at affordable price points and has chosen Telangana as the destination for setting up its manufacturing facility. We believe this partnership will provide new opportunities to youth of the state and develop an electronics manufacturing ecosystem of global standards in Telangana," he said.
KCR said that the government has enacted TS IPASS act which has been appreciated by the industry. A total of 1691 units have been sanctioned with an investment of Rs 20,347 crores creating 36,691 jobs. Of these, about 840 units have already commissioned production. The fact that more than 50% of the approvals have already commissioned production in less than a year speaks about the ease of doing business, the minister added.
Transport Minister P Mahender Reddy, Micromax Co-Founder Rajesh Agarwal and other senior officials were present on the occasion.
News Posted: 14 April, 2016
|
