Telecommunications sector projects by DataWind Innovations in Hyderabad
Project Information
6993
DataWind Innovations
DataWind Innovations, the Indian arm of Toronto Stock Exchange-listed low-cost mobile devices maker, DataWind Inc, is in the process of setting up a manufacturing facility in Hyderabad. The investment would be to the tune of Rs 100 crore.
A memorandum of understanding (MoU) to this effect was signed between the Telangana IT, electronics and communications department and DataWind today.
The company proposes to use Rs 100 crore of the $27.41 million that it had raised via an initial public offering (IPO) on the Toronto Stock Exchange in June 2014, to invest in the Hyderabad facility.
“The Hyderabad facility is expected to start production within 90 days, and will generate 500 direct jobs,” Suneet Singh Tuli, president and chief executive officer of DataWind,
Project Value
INR 100 Crore /-
Planning
Hyderabad
Telangana
India
Telecommunications
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