Intex Set To Invest Rs.1,500 Crore In India


In a major boost to Make In India initiative, Indian phone maker Intex Technologies have assured that it will invest Rs. 1,500 crore in India for setting up its manufacturing and R&D Centre, the company said while speaking at the Mobile World Congress in Shanghai.

“We are looking to invest Rs. 1,000 crore in manufacturing and Rs. 500 crorein research and development in the next two to three years,” Keshav Bansal, director at Intex Technologies.

The company is set to open its fifth plant near Noida which is spread over 20 lakh This is also expected to add an additional of 3,000 jobs in India over the next few years. The company already employs around 6,000 people and is further planning to strengthen its employee base.

While talking to the media, Sanjay Kalirona, head of mobile business at Intex, said: “We believe in improving the quality of life by providing affordable technology to consumers. We broke the smartphone segment to under Rs. 5,000 and forced other brands to reduce the price of Android handsets.”

When asked on the company’s contribution to Make In India campaign promoted by the Indian Government, Kalirona said “We have started making our own batteries, earphones and chargers and doing the packaging in India, which would account for 20 percent of the overall product. Next will be the glass for the screen. We will soon try and get the glass-cutting process here.”