CENTRiC Smartphones Plans to invest 648 Crores


CENTRiC Smartphones which is a well known Indian Brand finally signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. The MoU is signed to initiate the plan of setting up an R&D and Manufacturing unit for Mobile Phones in Uttar Pradesh, this is going to initiate Make in India Program as well as going to grow employment opportunities.

The company has plans to invest about INR 648 crores in setting up the unit to Research & Design, and state of art Complete Knock- Down (C.K.D) Manufacturing Facility set up in the State of Uttar Pradesh that will serve to both own CENTRiC & FRND mobile phones as well as other mobile phone manufacturers globally.

Ahead of the Uttar Pradesh Investor summit, Mr Manish Agarwal, Founder, Priyanka Technologies (India) Pvt. Ltd. (CENTRiC Smartphones) said, “The Company plans to invest INR 648 Crores in setting up an R&D and Manufacturing unit in Uttar Pradesh. We, as a company, strongly believe in the ‘Make in India’ vision laid by our Honourable Prime Minister and thus, to further strengthen our stance, we have planned to set up the R&D and Manufacturing unit for India’s very own mobile phone brand – CENTRiC Smartphones.”

The plan of all investment was held in Uttar Pradesh Investors’ Summit 2018 concluded on 22nd of February 2018, in Lucknow. The proposed project by Priyanka Technologies (India) Pvt. Ltd is expected to generate employment for over 1500 people at various levels, and indirect jobs in and around the state, which is going to be great news.

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