Intex Technologies is planning to undertake capital expenditure of Rs 10 billion over a five-year-period towards ramping up its smart-phone manufacturing unit at Noida, Uttar Pradesh. The unit has recently begun operating in June 2015, and has a capacity of 100,000 units a month. The plant was set up with an investment of around Rs 1 billion-Rs1.5 billion.
According to the company, the facility will presently work as an assembling unit. Once the ecosystem for smart-phone manufacturing components evolves, Intex?s dependency on imports will reduce. The company plans to increase its manufacturing capacity to 1.5 million per month by the end 2015-16.
Intex has targeted total sales of around Rs 75 billion in 2015-16, from its mobile phone division, as compared to Rs 28.50 billion in 2014-15. Apart from the Noida unit, the company has three more manufacturing facilities; two in Jammu which cater to UPS and speakers and one in Baddi that caters to feature phones. Meanwhile, approximately 825,000 smartphone units are imported, on a monthly-basis.
