Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Lava aims to set up R&D facility in Hyderabad

According to a senior company official, Lava which is a domestic handset maker is planning to set up a research and development centre in Hyderabad.

Sandeep Dongre, the Vice President and Business Unit Head South said that “We have already submitted an application to Telangana government for setting up an R&D centre and discussions are at an advanced level. Once it gets okayed from the state, we will start a R&D centre in Hyderabad. The plan is to have 200 people at the proposed centre.”

In Bengaluru, the company has already the R&D facility with more than 400 employees.

He further said that “We have decided to invest Rs 200 crore in R&D over the next three years.”

Read EquityPandit’s Technical Analysis on Nifty 

Get Daily Prediction & Stocks Tips On Your Mobile