Saturday, September 25, 2021
HomeBusinessUTL to invest Rs 2,150 cr in Andhra to produce mobiles and...

UTL to invest Rs 2,150 cr in Andhra to produce mobiles and more

Amaravati, July 29 (IANS) United Telelinks Neolyncs Ltd (UTL), maker of Karbon brand of mobile phones and a manufacturer of other electronic products, on Thursday announced that it will invest Rs 2,150 crore in Andhra Pradesh.

Senior company officials including UTL Chairman and Director Sudheer Haseeja, Neolink Group chairman Ruwen Shebel, and Golden Globe MD Ravikumar met Chief Minister Y.S. Jagan Mohan Reddy at his camp office and told him their investment plans. YSR EMC CEO Nandakishore Reddy was also present.

A sum of Rs 650 crore would be invested for mobiles and other electronics and Rs 1,500 crore for social infrastructure.

The company will manufacture smartphones, feature phones, set-top boxes, telecom products, chargers, plastics for mobiles, IT hardware, laptops, and desktops.

According to UTL officials, these investments will generate direct employment to 6,000 people and indirect employment to 15,000 to 20,000 people.

UTL, along with Neolink, will set up factories at YSR EMC in Tirupati and Kopparthi, Kadapa.

–IANS

sth/vd

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

LATEST NEWS

Most Popular