Jivi Mobiles to invest Rs.200 cr on new manufacturing unit
The Dollar Business Bureau Jivi Mobiles is planning to invest around Rs.200 crore in establishing a manufacturing plant in Lonavala having a capacity to produce 5 lakh mobiles each month. Currently, it sells roughly around 3-3.5 lakh mobile phones per month and expects to sell more than 6 lakh phones a month. The Indian mobile manufacturer aims to sell over 10 lakh phones a month by next financial year. To achieve this target, the company is going to set up a new manufacturing plant in Lonavala with an investment of Rs.180-200 crore, according to Pankaj Anand, CEO of Jivi Mobiles. At present, the company has its mobile assembly unit in New Delhi where it manufactures 3-3.5 lakh mobile phones a month. Without opting for ...
Why an India-China FTA makes negative sense!
Steven Philip Warner | @TheDollarBiz While India has largely remained an exporter of traditional raw materials, China has moved up the value chain in exports. An FTA between the two nations will only benefit China (much) more. (L - Inside the biggest CCTV, surveillance camera company, in China, April, 2010 in Shenzhen; R- Textile workers in a small factory in Old Delhi, February, 2008 in Delhi, India) It’s surprising how many stakeholders and policymakers in India are proclaiming an India-China Free Trade Agreement to be a matter of “macroeconomic exigency”. Given China’s dominance in the world of foreign trade in recent years, especially exports, this seems a measured idea from a distance. But closer observation proves that this elixir of ...
