Micromax plans to set up two units near Hyderabad

Micromax, a domestic mobile handset major, plans to set up a manufacturing unit near here, a senior Andhra Pradesh Government official said today.

The mobile major also plans to simultaneously set up a solar cells manufacturing unit near the state capital, State Industries Commissioner R Karikal Valavan said here.

"They (the company) came to us for land. We offered 30 acres for solar cells manufacturing unit in Fabcity near the international airport. We have also shown them land fro mobile phone manufacturing unit in Electronic SEZ," he told PTI.

Valavan said the company officials are likely to come out with a detailed project report on mobile manufacturing units by the end of this month.

"The company officials have visited both places and expressed satisfaction. For the solar cell project, they wanted 30 to 35 acres and for mobile manufacturing unit they are yet to make a request. The investment for solar unit will be more than Rs 1,500 crore," Valavan said.

According to reports, Micromax currently has been selling 1 million units per month through its retailer network and plans to double this figure in the next six months.

At present, the company imports handsets from Taiwan, South Korea and China. The company produces fixed wireless telephone equipment from its plant in Baddi, Himachal Pradesh.