Binatone looks to invest $50 million to start local manufacturing.

Hong-Kong based Binatone Communications Group plans to start manufacturing of routers and broadband connectivity equipment from India and could invest upto $50 million (Rs. 315 crore) in setting up a plant, a senior executive said.

'The India business for the company has been doubling every year, so we will begin manufacturing here,' Binatone chairman Dino Lalvani told ET.

'As India is approaching 10% of our global turnover of $880 million, so making in India will give us a logistical support and an option to China, where costs of labour and doing business are rising,' he added.

Customer premises equipment or CPE's include wireless and wired routers and modems that are required by telecom companies or internet service providers for setting up indoor broadband connections.

ET