Spice Group to invest Rs. 500 crores to set up mobile manufacturing unit in Uttar Pradesh
Spice Group today announced an investment of Rs 500 crores to set up a mobile manufacturing unit in Uttar Pradesh. It has signed a Memorandum of Understanding with the Government of Uttar Pradesh for setting up the manufacturing unit in the state. Under the MoU, the Government of UP will support Spice Group in establishing the facility in the state of Uttar Pradesh in a time bound manner and facilitate the necessary infrastructure, ecosystem and incentives under various schemes announced by the State and Central Government. Taking forward the Government of India’s Make in India campaign, this unit would make way for introducing affordable mobile internet devices in India through domestic manufacturing, thus catering to a larger market by offering best technology at most affordable prices, said the company. 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 ...
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