Spice Group today announced an investment of Rs 500 crore to set up a manufacturing unit to make mobile Internet devices in Uttar Pradesh.
The manufacturing unit will bolster the company’s strategy to introduce affordable mobile internet devices in India through domestic manufacturing, thus catering to a larger market by offering best technology at most affordable prices.
“With a local manufacturing plant, Spice Group can achieve its vision to create affordable and high technology mobile products for a larger audience,” said Dilip Modi, chairman, Spice Group.
The company aims to create a high quality production environment, introducing a wider range of high technology mobile internet devices at affordable costs.
Spice Group targets the tier II and III markets through its affordable segment of smartphones and feature phones and unique offerings.