Lava to increase local value addition in its smartphones

Homegrown smartphone and wearables brand Lava is looking to increase its local value addition in smartphones by at least 4-5% every year from the current levels of 15-20%, the company’s chief manufacturing officer Sanjeev Agarwal told FE in an interaction.

The company is banking on the government’s push for localisation of electronics components with the upcoming incentive scheme focused on domestic manufacturing of components.