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Wednesday, 18 July 2018

Military Production Minister signs MoU with Indian Lava to establish local smartphone production line

(The Military Production Ministry inked a MoU with Indian smartphone manufacturer Lava to establish a mobile phone production line in Egypt, CEO Vikram Singh Parmar said, Al Masry Al Youm reports. The production will be set up at one of the facilities belonging to the ministry. Minister Mohamed El Assar had met earlier this month with Lava representatives to discuss the project, which earlier reports suggested could be coming online by 2019. No details on the investment value were disclosed but Lava had said last year that it could invest USD 10 mn in Egypt in 2018.

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