Intex plans to invest Rs 1,500 crore , to create 3,000 jobs

NEW DELHI: Domestic handset-maker company Intex Technologies has announced to invest Rs 1,500 crore in manufacturing and R&D in the next two-three years in order to contribute to Prime Minister Narendra Modi's Make-in-India initiave.

The company also said that simultaneously it would also generate 3,000 jobs in the country. It plans to invest Rs 1,000 crore in manufacturing and Rs 500 crore in analysis and improvement within the subsequent two to three years.

Three months ago, Intex Technology entered into an agreement with Rajasthan State Industrial Development and Investment Corporation (RIICO) to set up a 50 acre manufacturing facility in Karoli in Bhiwadi region to make mobile phones, LED TV and allied products.

The company already has two manufacturing facilities in Jammu and Kashmir and Himachal Pradesh.