Char sau saal ka shehar Hyderabad never fails to work its magic on investors even after bifurcation. Because, the city defies characterization with the region it is located in, unlike other cities in India. So, it has become the centre of Make In India campaign of Modi’s regime. Investors are rushing to Hyderabad making it a hub of Make in India. Karbonn is the third in series to announce its plans to set up a mobile handset manufacturing facility in Hyderabad, the earlier ones being Micromax and Celkon Mobiles.
Karbonn is going to invest Rs 450 crore on city’s facility to produce two million phones a month. Sudhir Hasija, chairman of Karbonn met Telangana chief minister K Chadrasekhar Rao to explained his plans. Hasija said the outcome of the meeting was positive. Karbonn, India’s No.4 smartphone manufacturers, will set up the plant in the outskirts of Hyderabad in tie-up with a Chinese company.
