The company signed a Memorandum of Understanding (MoU) with the state government to assist, extend incentives and subsidies for its business activities through various technology, manufacturing and IoT policies.
"This office expansion and MoU signing is a step closer towards making Smartron a global product technology brand based out of India," said Mahesh Lingareddy, Chairman Smartron, in a statement.
Lingareddy added that the expansion was a step towards building a stronger base to support R&D and innovation to create a smart product ecosystem.
"We are glad to be associated with the government of Telangana and we believe this association will bring a lot of strength and innovation to what we do," said Narsi Reddy Posham, Managing Director Smartron.
Smartron is rumoured to launch an exclusive Sachin Tendulkar-branded mobile phone in April which will be the first-ever signature series of the master blaster for a mobile phone brand.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.