Chinese smartphone manufacturer company Xiaomi has plans to set up 2 plants in India. The company plans to launch more devices in India. Xiaomi’s co-founder and President Lin Bin said, “We talked to Foxconn about opening two new factories, they’re in discussions with some of the provinces (states) and at least one of them will be up and running within this year.”
Xiaomi will start two new facilities also in this year. Mr. Lin Bin said, “We believe it (China) will be a flat market, if not, even decline.” Xiaomi is a world’s fourth largest smartphones manufacturing company.
Lin Bin also said that, “the company was looking at leveraging some of the recommendations of the union budget, which will make the local manufacturing of chargers, batteries and mobile phone accessories cheaper.” The company Xiaomi will launch its new smartphone Mi 5 in April. The recently launched Redmi Note 3 was sold out in 2 seconds.
“Also, people buying smartphones from ecommerce are also going to grow very rapidly, and we’re a big part of that. We’ve already started working on bringing some of those local sourcing suppliers to India.” Mr. Bin added.
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