Lava looks to set up handset manufacturing unit in North.

In six years, Indian handset vendor Lava International Ltd. has become one of the largest players in the country.

Now, the Rs. 3,000-crore Noida-based company is looking to set up its own handset manufacturing base in North India at an investment of approximately Rs. 500 crore. Investments will be done in a phase-wise manner.

According to Hari Om Rai, Chairman and Managing Director, Lava International, talks with regard to the land are already on with three State Governments. He, however, did not name the States.

'We are hopeful of finalising the details in another two months. The unit is likely to come up in North India,' he told BusinessLine.


HBL