'Cheap Labour' Pulls Micromax Manufacturing Units From China to India

Indian consumer electronics firm Micromax Informatics will manufacture all of its phones in the country by 2018, its co-founder said, as it shifts production from China back home, where costs are becoming cheaper. Rahul Sharma said with less than two-thirds of its products are assembled in India currently and full home production now made economic sense given rising Chinese labour costs and a growing network of local suppliers of co...