dit Infratel Pvt Ltd, the company behind brand Advent and a leading player in the mobile accessories and peripherals market, has announced the commencement of India’s first and only lithium polymer embedded battery manufacturing facility at Manesar, Haryana. Involving an overall investment of Rs 25crs, the initiative is part of company’s Make in India strategy promoted by the Govt. of India to boost local manufacturing, reduce dependency on imports and create large scale impact on the domestic economy through job and wealth creation.
Commenting on this significant development, Mr. Vikram Kalia, Director Sales & Marketing, Adit Infratel Pvt Ltd, said, ‘ We are one of the largest players in the OEM mobile battery segment and the GoI’s Make in India campaign has provided us with the right impetus to become a dominant player. The state of the art unit at Manesar set up at an investment of Rs 25 crs adds another feather to our cap by being the first and only lithium polymer embedded battery facility in the country. It will allow us to augment our local manufacturing capacity to cater to the exploding demand for smartphones and also produce more efficiently, thanks to greater control over the entire chain. We hope to significantly increase our topline to Rs 335 crs over the next 4 years by leveraging our existing OEM relationships with leading brands and also forging new ties.’
(This news story is from The Hans India)