Tadiran Telecom to invest USD 10 million annually to manufacture IP phones in India
unified communications company Tadiran Telecom plans to invest at least USD 10 million (about Rs 80 crore) annually to manufacture IP telephones in India, a top company official has said.
IP telephones support multiple communication functions, including conference calls through apps, and are generally used in business organisations.
The company has partnered with DCM Shriram for manufacturing IP phones.
Tadiran Telecom CEO Moshe Mitz, on the sidelines of an event to announce its manufacturing plan in India, said the company is likely to invest more every year in the second phase of production expansion, which will include Software development.
«We plan to make 1,00,000 IP telephones in India every year. This is a conservative number. We have allocated USD 10 million for one year for our manufacturing project. Investment will increase based on the performance,» Mitz said.
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