"This is the first mobile assembly line of the eastern region. Keeping in mind the Make In India campaign, we have decided to set up our first assembly unit in West Bengal," Hitech Mobiles managing director Md Gyasuddin said today.
The facility has a capacity to produce 2.5 million handsets annually and three lakh units of batteries in technical collaboration with Shenzhen Yiheyuan Technology of China.
"Right now we are importing the Semi Knock Down (SKD) components and assembling them at the unit. In five years time, we have plans to completely manufacture and assemble mobile handsets and accessories from West Bengal. The unit will help us to cut down 5-6 per cent from the excise duties," said Gyasuddin.
The firm's strategic head Shahid Perwaiz said the unit was conceptualised after the Make in India initiative offered zero duty on SKD for mobile handsets.
The unit would currently produce feature phones and in a few months it proposes to make both 3G and 4G handsets.
The group's annual turnover is Rs 350 crore and it aims to take it to Rs 500 crore by 2016-17. The company is also tying up with SAARC countries for exporting handsets.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
