Spice Group is setting up a manufacturing unit in Uttar Pradesh (UP) with an investment of Rs 5 billion. To this end, the company has signed a memorandum of understanding (MoU) with the Government of Uttar Pradesh for setting up the manufacturing unit in the state. The facility will strengthen the company?s strategy to introduce affordable mobile internet devices in India through domestic manufacturing.
Under the MoU, the state government will support the company in establishing the facility in UP in a time bound manner and also ensure provisioning of the necessary infrastructure, ecosystem and incentives under various schemes announced by the state and central government. Through the facility, the company aims to create a high quality production environment, thereby introducing a wider range of high technology mobile internet devices at affordable costs.
“I am happy to have Spice group create new opportunities for manufacturing and new jobs in the Uttar Pradesh. Spice Group has been associated with the state since 1932. I look forward to expanding this association into new areas of electronics manufacturing and my government will support this effort in every possible way “, said Akhilesh Yadav, Chief Minister, UP.
Commenting on the announcement, Dilip Modi, Chairman, Spice Group, said, ?We are delighted to announce our investment plans to set up a mobile manufacturing unit in Uttar Pradesh with the support of the Government of Uttar Pradesh. With a local manufacturing plant, Spice Group can achieve its vision to create affordable and high technology mobile products for a larger audience. Uttar Pradesh has had a strong connection with our group, ever since we set up the country?s first photocopier manufacturing plant in the state.?
