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Micromax to invest Rs 2,000 crore for expansion

Micromax Informatics Ltd.

7168   Planning 2000 Crore

Project Information

Organization Name
Micromax Informatics Ltd.
Project Title
Micromax to invest Rs 2,000 crore for expansion
Project Detail
India's leading handset manufacturer Micromax, which opened its new manufacturing facility here on Thursday, plans to invest Rs 2,000 crore for expansion over the next five-six years. Rajesh Agarwal, co-founder, Micromax, told reporters that the company will expand its operations to two to three countries this year. Already present in SAARC countries and Russia, it is looking at CIS countries, Africa and Iran for expansion. Micromax targets 25% growth during 2016-17 to achieve revenues of Rs 15,000 crore. The revenue in 2015-16 was Rs 12,000 crore.
Project Value
2000 Crore
Project Status
Planning
Location
Multi Location
Project State
Multi State
Country
India
Sector
Electronics,Telecommunications

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