Xenitis Telecommunication, a newly floated venture of West Bengal-based conglomerate Xenitis Group, plans to invest Rs 2.5 billion for setting up a mobile handset manufacturing facility in West Bengal, India.They will set up a mobile handset manufacturing unit with an investment of Rs 2.5 billion in West Bengal. and have already bought 10 acres of land, adjacent to their existing unit in Hooghly district, for the project. They will be producing the lowest-priced mobile handsets at Rs 499 which comes to less than $12.
The mobile handsets, priced between Rs 499-Rs 2,000, are targeted to penetrate the rural areas of West Bengal. These affordable handsets would be available in the market from August this year. It would be the first mobile handsets manufacturing unit in eastern India.
This year the Xenitis Group posted a turnover of Rs 10 billion and Xenitis Infotech, the flagship company of the group, contributed Rs 8.6 billion and Global Automobiles, the two-wheeler manufacturing wing, registered a turnover of about Rs 1.5 billion.
They've have already booked an order for manufacturing 160,000 mobile handsets per month, of which about 50,000 would be exported to Dubai and the Middle East.
They would invest Rs 2.2 billion in Xenitis Infotech for its capacity expansion and Rs 1.1 billion in company's automobile manufacturing business in the current financial year,
A 20-member team from West Bengal state assembly's standing committee on commerce and industries Tuesday visited the factory site of Xenitis Group in Hooghly district to monitor the progress of its ventures.
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