Summary:
The Minister said Hyderabad was fast emerging a manufacturing hub for electronics and was home to four mobile makers, including Smartron. It would be launched around his birthday, Mr.
Lingareddy said. The Hyderabad-based start-up, with its sight set on becoming a global OEM player, would invest ?1,500 crore over the next three years on new facilities and expansion. On how the ?1,500 crore would be mobilised, Mr.
Lingareddy said the company had, in the two years, raised ?100 crore and received confirmation for ?250 crore last month. Two more mobile handset makers would be setting up facilities in the State..