Ziox to invest Rs 500 mn in Noida plant, eyes Rs 6 bn turnover in FY19

Noida is emerging as the red-hot destination for cell phone companies

Handset maker Ziox Mobiles plans to invest more than Rs 500 million in its greenfield manufacturing plant in Noida flanking the National Capital Region (NCR).

The company is identifying suitable land for the project and talking to the Uttar Pradesh government agencies in this regard, company CEO Deepak Kabu told Business Standard here today. “The whole process would be completed in this fiscal and the work on the proposed plant would begin thereafter.”

The new plant would basically assemble semi-knocked down (SKD) mobile phone kits imported from China. At present, Ziox runs a unit in Delhi and owns R&D facilities