DataWind, the low-cost mobile device maker has signed an MoU for setting up its manufacturing unit with an initial investment of Rs 100 crore with Telangana government.
According to the company officials, the facility is expected to start production within 90 days and generate 500 jobs in the first phase of operation.
Suneet Singh Tuli, DataWind CEO and President said that “Between capital investment and working capital, we will allocate Rs 100 crore for setting up a new facility. Within the first three or four months, you would see that investment happening. The initial 500 jobs will happen right in the initial stages of first two-three months.”
