US Conglomerate General Electric has offered a three-year, multi-crore contract to Lava International for manufacturing hand-held devices meant specifically for medical use, as the homegrown handset maker makes a concerted push into contract manufacturing even as it maintains a foothold in the feature phones space.
“Not only are such contracts beneficial to our company, they also help build an ecosystem of R&D and manufacturing in India,” Sunil Raina, president of Lava International.
The device to be developed for the healthcare division of GE will be shipped to several countries and will have a portable ultrasound system that helps medical teams to diagnose and provide timely treatment decisions in remote locations or in case of emergencies. It is expected that Lava must be enhancing the features and performance of the device and will be providing regular software support and upgrades.
“This will certainly help Lava remain relevant and possibly carve a niche through its device play in much larger enterprise space,” said Navkender Singh, research director, International data Corporation (IDC) India. “It makes perfect sense for Indian brands to find niches for growth by playing to their strengths in distribution and manufacturing.”
Source: Economic Times