Investment worth Rs 1,100 crores planned by Lava International
Indian smartphone manufacturer Lava International plans to invest Rs 1,100 crore in India over the next five years. As part of its investment plans, the firm will open an assembly line at its Noida factory to manufacture self-designed chargers for its mobile phones.
The firm said it has the capacity to manufacture 4 crore smartphones and is aiming at diversification through the investment.
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