Handset maker Ziox Mobiles plans to invest more than Rs 500 million in its greenfield manufacturing plant in Noida flanking the National Capital Region (NCR), reported Business Standard.
The company is identifying suitable land for the project and talking to the Uttar Pradesh government agencies in this regard, company CEO Deepak Kabu told Business Standard. The new plant would basically assemble semi-knocked down (SKD) mobile phone kits imported from China At present, Ziox runs a unit in Delhi and owns R&D facilities in China and in the national capital.
Clocking monthly sales of about 500,000 handsets, Ziox is eyeing a turnover of Rs 6 billion during 2018-19. In UP, Ziox posts monthly sales of about 75,000 units, which the company plans to double in near future. Ziox is the arm of Sun Airvoice Private Limited, which has interests in real estate and hospitality.