Motorola to set up facility in Chennai
Motorola announced the setting up of its $100 million manufacturing facility at Sriperumbudur, near Chennai.india Updated: Jun 12, 2006 12:20 IST
The mobile phone market in India is set to take a big leap, with yet another manufacturer, Motorola announcing the setting up of its $100 million (Rs 450 crore) manufacturing facility at Sriperumbudur, near Chennai.
The communications equipment major has bought 70 acres of land and the facility will be set up at an initial investment of USD 30 million. This will be scaled up to a total of USD 100 million over phases, Firdose Vandrevala,Chairman, Motorola India said at a press conference in Chennai.
Motorola signed an MoU with the Tamil Nadu Government for setting up of this facility. Stu Reed, Executive Vice-President, Integrated Supply Chain, Motorola Inc, and Chief Minister M Karunanidhi inked the MoU.
The manufacturing facility will come up on the 300 acre Sriperumbudur Hi-TEch Special Economic Zone (SEZ). Motorola, Foxconn and other vendors will be a parrt of this SEZ.
The first phase of the project will comprise 2,50,000 sq ft and will manufacture mobile handsets, network equipment, base stations and Set top boxes.
Already, global mobile phone manufacturing giant, Nokia, has started operations from Sriperumbudur.
Union Communication and IT Minister Dayanidhi Maran said Motorola would roll out sub-USD30 phones from this facility, the first phase of which is expected to be operational by Jan 14,2007.
"Motorola was the first to come out with a sub $40 phone. They will make sub $30 phones from this facility," said Maran.