Indian origin smartphone maker Micromax will start manufacture all its devices in India by 2018, announced its co-founder.
Micromax is set to shift production from China to home country India, where costs are becoming cheaper. Micromax co-founder Rahul Sharma said “With less than two-thirds of its products are assembled in India currently and full home production now made economic sense given rising Chinese labor costs and a growing network of local suppliers of components,”
Micromax is growing rapidly since 2008 by selling low-cost smart-phones in Indian market, said earlier this month it would invest 3 billion rupees ($45 million) on constructing new factories and would make more phones in India to cut its dependence on Chinese imports.
Micromax is the second largest smartphone seller company in India after Samsung.
Indian Prime Minister Narendra Modi is trying to expand the electronics manufacturing industry in India to increase employment and in August Taiwanese contract manufacturing giant Foxconn announced a $5 billion investment commitment in India.