: Delhi-headquartered COMIO is starting its own manufacturing unit here by this year-end to meet the demand for smartphones, a top official of the company said today.
The company, a 100 per cent subsidiary of Hong Kong-based Tapwise Communication Co Ltd, is focusing on the mid-segment with a price range of Rs 6,000 to Rs 12,000, contributing 40 per cent of 10-12 million handsets per month in India, general manager (sales) of Comio Sujith Rayirath told reporters here.
With an expected growth of 20 to 25 per cent in another two years, the company is negotiating with many State governments to start the manufacturing unit at an investment of Rs 250 crore, said Sujith, who launched two mobile phones here. The land for the setting up the factory is being identified, he added
Stating that the Comio, which launched its operation in August last year, has targeted to sell three million handsets this financial year, he said.
The handsets were launched in South India a month ago with 25,000 phones being activated, and Tamil Nadu accounted for 10,000 phones, he added.
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