The Gurgaon-based Micromax Informatics is planning to invest Rs 300 crore in
the current fiscal for setting up a production plant in Himachal Pradesh and
brand building exercise.
Of the total capex, the company intends to invest Rs 250 crore to set up a
mobile phone manufacturing plant at Baddi in Himachal Pradesh and another Rs 50
crore on brand-building exercise. The newly planned facility with a capacity of
producing 300,000 units of handsets per month is likely to commence operations
by March 2010.
Besides, there are plans in the pipeline to open 100 exclusive stores in four
metros and Tier-I cities.