Home-grown mobile phone maker Lava International plans to invest Rs 1,100 crore over the next 5 years to diversify its presence in the electronics components ecosystem, a senior company official said on Thursday. <\/p>\n
Lava Executive Director and Chief Manufacturing Officer Sanjeev Agarwal said the company has established a new mobile charger facility as part of its diversification in the electronics components ecosystem. <\/p>\n
“We have the capacity to make 4 crore mobile phones. We have decided to make all critical components ourselves for value addition. We have plans to invest Rs 1,100 crore in electronics components diversification over the next 5 years,” he said. <\/p>\n
As part of its diversification, Lava has started production of designed-in-India mobile chargers with mostly locally sourced components, according to Agarwal.<\/p>\n
“The cost of the chargers that will be produced at our factory is 20 per cent lower compared to units that we were using earlier,” Agarwal said. <\/p>\n
The company plans to start production of camera module, display module, enclosures and multi-layered printed circuit boards as part of its diversification plan, he added. <\/p>\n
Lava International Managing Director Sunil Raina said that the company has submitted its components manufacturing proposal for the approval of the government under the Electronics Components Manufacturing Scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"
Home-grown mobile phone maker Lava International plans to invest Rs 1,100 crore over the next 5 years to diversify its presence in the electronics components ecosystem, a senior company official said on Thursday. Lava Executive Director and Chief Manufacturing Officer Sanjeev Agarwal said the company has established a new mobile charger facility as part of its diversification in the electronics components ecosystem. “We have the capacity to make 4 crore mobile phones. We have decided to make all critical components ourselves for value addition. We have plans to invest Rs 1,100 crore in electronics components diversification over the next 5 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1009061","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1009061"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009061\/revisions"}],"predecessor-version":[{"id":1009062,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009061\/revisions\/1009062"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1009061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1009061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1009061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}