Gurgaon based Micromax Informatics is setting up a mobile handset
manufacturing plant at Baddi in Solan district of Himachal Pradesh.
As per sources, the plant is likely to begin production by February 2010 and
have an initial capacity of 50,000 handsets.
The company proposes to pump in additional Rs 100 crore in expanding the
plant capacity to one million handsets a month over the next financial year. The
company is likely to fund the project through internal accruals.
Also See:
Micromax plans new facility in Himachal Pradesh (15-Jun-09)