Lava to shift operations from China to India, Invest $100 Million cr in 5 yrs
Mobile devices maker Lava International said it is shifting its China operations to India following recent policy announcements by the Indian government.
The company plans to invest around $100 million (800 crore) over the next five years to scale up its mobile phone development and manufacturing operations in the country.
"We had around 600-650 employees in China for product design. Now we have shifted designing to India. Our sales requirements for India were met from our local plant.
"We used to partially export mobile phones from China to the rest of the world, which will now happen from India," Lava International Chairman and Managing Director Hari Om Rai told PTI.
During the lockdown period, Lava met its export demand from China.
"My dream is to export mobile devices t...