Investors Summit 2018: CENTRiC Mobiles to invest Rs 648 cr in UP

Lucknow: Domestic smartphone brand CENTRiC Mobiles announced to invest Rs 648 crore towards setting up a research and development and manufacturing unit for mobile phones in Uttar Pradesh on the second day of Investors Summit in Uttar Pradesh.

Manish Agarwal, Founder of Priyanka Technologies (India) Pvt Ltd, said, "The company plans to invest Rs 648 crore in setting up an R&D and manufacturing unit in Uttar Pradesh."

The project is expected to generate employment for over 1,500 people at various levels, the company said.

ALSO READ: UP Investors Summit 2018 LIVE: Railway Minister addresses delegates

The state-of-the-art Complete Knock-Down (CKD) manufacturing facility will cater to both "CENTRiC" and "FRND" mobile phones, manufactured by Priyanka Technologies (India) Pvt Ltd, as well as other mobile phone manufacturers globally, the company said during the UP Investors' Summit here.

CENTRiC Mobiles recently launched its budget smartphone CENTRiC "L3" in India for Rs 6,749.

ABOUT CENTRiC MOBILES

• The device features a 1.3GHz quad-core processor with 2GB RAM and 16GB internal memory which can be expanded up to 256GB.
• It comes with a 13MP rear auto-focus (AF) camera and a 5MP front shooter. There is a 5-inch HD IPS display with 2.5D curved glass.
• The dual-SIM budget device has a fingerprint sensor, 4G LTE support and a 3,050mAh battery.