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Celkon to invest 100 cr in TS plant
Celkon Mobiles, the city-based mobile handset brand, will invest around Rs 100 crore in a new manufacturing plant it plans to set up on the city outskirts. The new plant which is in addition to the existing assembly line opened in the city a few months ago, is likely to go operational in June next year.
To enter TV business in collaboration with a Chinese company
Hyderabad: Celkon Mobiles, the city-based mobile handset brand, will invest around Rs 100 crore in a new manufacturing plant it plans to set up on the city outskirts. The new plant which is in addition to the existing assembly line opened in the city a few months ago, is likely to go operational in June next year.
“Telangana Government has allocated 11 acres of land for the plant a couple of days ago and we will start working on it soon. The investment will be around Rs 100 to 120 crore and the plant will commence operations in June next year,” Y Guru, Chairman and Managing Director, Celkon Mobiles, told media here after the unveiling of Celkon CT722 tablet. Telangana IT Minister K T Rama Rao launched the device.
Recently, Celkon has laid foundation for new manufacturing facility near Tirupati in Andhra Pradesh and with the new plant in Telangana, the company intends to increase production capacity in two Telugu states to one million devices a month. It will invest around Rs 250 in both the plants.
Besides, it plans to enter television business in collaboration with a Chinese company. The company is also looking to expand its global footprint by exporting mobiles to 40 countries, mostly in Africa and Asia. Currently, Celkon sells its devices in 10 overseas market.
The new tablet, CT722, launched by the company on Tuesday, is priced at Rs 4,999. It is powered by 1.2 GHz Intel Atom X3 C3230RK processor and features a seven-inch screen. It has 1GB RAM, 8GB ROM and an expandable memory of 32GB. The single SIM device, which supports 3G network, offers 3.2 MP rear and front cameras, and has 2800mAh battery. Celkon is selling the new tablet through retail outlets, while the online sales are exclusively on Snapdeal.
“We are making great progress towards being one of the leading players in the country and offerings such as the new CT722 will help us grow stronger. This is the most innovative yet affordable tablet in the country, thanks to Intel which supported us on the innovation,” said Y Guru, Chairman and Managing Director, Celkon Mobiles.