United Telelinks Neolyncs, the maker of Karbon brand of mobile phones and a manufacturer of other electronic products, will invest Rs 2,150 crore in Andhra Pradesh.UTL Chairman and Director Sudheer Haseeja, Neolink Group Chairman Ruwen Shebel, and Golden Globe MD Ravikumar met Chief Minister YS Jagan Mohan Reddy and told him their investment plans. YSR EMC CEO Nandakishore Reddy was also present.
United Telelinks Neolyncs will invest Rs 650 crore for mobiles and other electronics and Rs 1,500 crore for social infrastructure.
The company will manufacture smartphones, feature phones, set-top boxes, telecom products, chargers, plastics for mobiles, IT hardware, laptops, and desktops.
These investments will generate direct employment to 6,000 people and indirect employment to 15,000 to 20,000 people.
UTL, along with Neolink, will set up factories at YSR EMC in Tirupati and Kopparthi, Kadapa.