Videocon to set up 3 mobile manufacturing plants.

Videocon Mobile Phones, a part of the $6-billion Videocon group, is in the process of setting up mobile handset manufacturing plants in Hyderabad, Kolkata and Madurai, each with an investment of between Rs. 40 crore and Rs. 60 crore, said its chief executive officer Jerold Chagas Pereira.

'Our future business strategies and manufacturing expansion plans are going to push 'Make in India' in a strategic manner. We have a strong presence in markets like Punjab, Uttar Pradesh and Rajasthan. Now, our idea is to go deeper in Telangana, Tamil Nadu and West Bengal markets. The three new plants will go on stream during the August-December time frame,' he told mediapersons recently.

BS