Lava mulling spinning off manufacturing arm into independent co

Lava International may spin off its manufacturing arm to meet PLI targets. Despite past struggles and lost business from Chinese brands and Google Pixel, head of manufacturing Sanjeev Agarwal is hopeful about a new incentive package. Lava plans increased local value addition, PCBA, and evaluating components for in-house production or outsourcing, balancing capital expenditure for growth.