CENTRiC to invest Rs 648 crore to setup research and development centre in UP

Domestic smartphone brand CENTRiC Mobiles on Thursday announced to invest Rs 648 crore towards setting up a research and development and manufacturing unit for mobile phones in Uttar Pradesh.

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.

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

Centric L3 overview 11

The project is expected to generate employment for over 1,500 people at various levels, the company said. CENTRiC Mobiles recently launched its budget smartphone CENTRiC L3 in India for Rs 6,749.

The device features a 1.3GHz quad-core processor with 2GB RAM and 16GB internal memory which can be expanded up to 256GB. The phone 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.

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