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Micromax to Invest Around INR 20 bn in Manufacturing in Next Five Years

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Micromax, country’s second-largest handset maker is likely to invest around Rs. 2,000 crores in the next five years in manufacturing and new product lines, its co-founder Rajesh Agarwal said Thursday.

He said the company is expected to clock Rs. 15,000 crores revenues during the current fiscal. It recorded Rs. 12,000 crores revenues last year. “We are planning to manufacture accessories such as batteries, chargers here in the country. The backward integration will happen in a period of next five to six years.

I think over next five to six years we will be investing Rs. 2,000 crores on complete manufacturing activities,” Agarwal told reporters in Hyderabad. Read more

Sweekar S

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