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Showing posts with the label SriCity

Mobile hub set to create new industrial ecosystem

A file photo of Prime Minister Narendra Modi interacting with the workers of Shri Venkateswara Mobile & Electronics Manufacturing Hub during his recent visit inTirupati. Chief Minister N. Chandrababu is seen. ‘Employment-intensive units likely to generate 8,000 to 10,000 jobs for the local youth’. The local economy is all set to get a shot in the arm with the establishment of ancillary units and supporting facilities here. A new industrial ecosystem centred on mobile and electronics industry is shaping up near Tirupati, which is all set to generate thousands of jobs for the local youth. ‘Sri Venkateswara Mobile and Electronics Manufacturing Hub’ is the new industrial landmark near Renigunta airport on the city outskirts, for which Prime Minister Narendra Modi laid the foundation stone recently. For the first time in the country, four Indian mobile manufacturing companies viz., Micromax, Celkon, Karbonn and Lava, have come forward to set up manufacturing and as

OnePlus to Start Manufacturing Smartphones in Andhra Pradesh (India)

Chinese smartphone manufacturer  OnePlus  announced Monday its plans for local production at the Foxconn  Rising Stars factory within the Sri City Integrated Business City in the state of Andhra Pradesh by the end of 2015. Local production of OnePlus' upcoming devices will start before end of this year at the 30,000 square feet facility, which will have a cumulative peak production capacity of 500,000 units per month, and generate direct employment for over 1,000 full-time workers, the company said, adding the first batch of locally-produced phones would be made available before the end of the year. At a formal announcement of the event in Bengaluru, Pete Lau, Founder and CEO of OnePlus, told journalists that the move will help step up momentum for the firm in the country, and give further support to the Government's Make in India initiative. Pete Lau, Founder & CEO, OnePlus said, "Producing smartphones in India is one of the most important decisions that w