NEW
DELHI Diversified business group Videocon plans to set up its first
mobile phone manufacturing plant in India, which could entail an
investment of up to . 75 crore in the initial phase. The company, which
is looking to sell around 2.5 million mobile handsets next year, is
scouting for locations for the new plant across the country,
particularly in Kerala, Madhya Pradesh and Chhattisgarh. “Videocon is
ready to put up a mobile phone manufacturing plant in India next year.
At present, we source it OEMs (Original Equipment Manufacturers) here.
Now we are going to start on our own,” Videocon Industries Director
Anirudh Dhoot said. “We have been invited by Madhya Pradesh, Kerala and
Chhattisgarh. We have not yet finalised the location. A decision on the
same would be taken next year in February or March,” he said.
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