Videocon Telecom is planning to invest Rs 5 billion over the next three years to set up a mobile handset assembly plant in Punjab. The plant will also manufacture set top boxes. Moreover, the facility is expected to generate employment for 3,000 people in the state.

The new plant will allow Videocon to complete its recent manufacturing order from Coolpad India for 500,000 handsets. In addition, the company is also making feature and smartphones for Spice Mobiles out of its manufacturing facility in Aurangabad.