intex puts on hold plans for plant in ts - air purifier machine

Native consumer durable goods and electronics company Intex Technologies has suspended plans to set up a manufacturing plant in Telangana.
The head of the business attributed it to the "confusion" after the cancellation of the high denomination notes"
Nidhi Markanday, consumer durable goods and IT accessories, said on Tuesday that the plan had been put on hold.
"There's so much confusion," she said . ".
The company discussed with the state government about the proposed mobile phone and led TV factory.
Intex plans to invest in Rs. 400 crore -Rs.
She added that the facility has invested Rs 500 in phases.
It will become the company's first factory in South India.
Existing facilities are located in northern India, and the company is expected to set up facilities in danoida, Uttar Pradesh, early next year.
I hope the situation will improve as soon as possible.
Non-monetization also affected the company's sales, Markanday said, with the November figure down by 60 compared to the previous month.
In small cities and semi-cities, cash is the main payment method for the purchase of durable consumer goods, whether it is white goods or mobile phonesurban areas.
Starting with IT peripherals, Intex has expanded its portfolio, a list dominated by mobile phones, including LED TVs, air purifiers, washing machines.
The refrigerator is the latest addition.
Three models of single-door direct cooling refrigerator with a capacity range of 170-
In the price range of the rupee launched 190 liters. 10,900 to Rs. 14,300. Frost-
Next, she said, free refrigerators will be launched in early 2017, adding that South India and West India are important markets for the company, each contributing more than total sales.
In the last fiscal year, the company's turnover was rupees.
6,200 rupees, she said.
On the phone, lady.
Markanday said that feature phones will continue to be popular among consumers, mainly because they are cheaper and more convenient to operate.
In the area of smartphones, the company will focus on 4g devices.