Home-bred handset maker Lava International is planning to shift its production for the export market from China to India within six months with the help of production linked incentives (PLI) scheme announced by the Indian government. It will invest Rs 80 crore to make this transition this year, and subsequently about Rs 800 crore over the next five years.
“We have been eagerly looking forward to an opportunity to shift our entire mobile R&D, design, and manufacturing from China to India,” Hari Om Rai, Chairman and Managing Director of Lava, told ETTelecom.
“With the production linked incentives, our manufacturing disabilities for the world market would largely be met, hence we plan to make this shift. We see complete transition happening over a period of time. The transition will depend on demand as well as on our ability to capture market share in the global market," he added.
“We have been eagerly looking forward to an opportunity to shift our entire mobile R&D, design, and manufacturing from China to India,” Hari Om Rai, Chairman and Managing Director of Lava, told ETTelecom.
“With the production linked incentives, our manufacturing disabilities for the world market would largely be met, hence we plan to make this shift. We see complete transition happening over a period of time. The transition will depend on demand as well as on our ability to capture market share in the global market," he added.
Sandip Ginodia , Director
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