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Lava International to shift operations to India, to invest Rs 800 cr

Monday, 18 May 2020
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Lava International, a smartphone manufacturer company, is shifting its China operations to India following recent policy announcements by the government. 
 
The company plans to make investment of Rs 800 crore over the next five years to ramp up its mobile phone development and manufacturing operations in the country. 
 
The company had around 600-650 employees in China for product design and now has shifted designing to India. The company’s sales requirements for India were met from the local plant. 
 
The company used to partially export mobile phones from China to the rest of the world, which will now happen from India. 
 
The production linked incentive scheme has ended the company’s disability factor vis-a-vis export from China and hence entire operations will now be carried from India. 
 
The government in April 2020 notified three schemes involving total incentives of around Rs 48,000 crore to boost local electronics manufacturing and create 20 lakh direct and indirect jobs by 2025. The notification included production-linked incentive scheme (PLI). 
 
Under the scheme, electronics manufacturing companies will get an incentive of four to six percent on incremental sales (over base year) of goods manufactured in India and covered under target segments over a period of five years.

 

 
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