Hyderabad, April 7 : Home grown technology and internet of things (IoT) company Smartron on Friday inked an MoU with the Telangana government to expand its corporate headquarters and research and development (R&D) centre.
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.