Chinese Smartphone Maker Company Xiaomi Plans to Set Up 2 Manufacturing Plant in India

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.”

Co-founder of Xiaomi Mr. Lin Bin
Co-founder of Xiaomi Mr. Lin Bin

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.

Xiaomi Smartphones
Xiaomi Smartphones

“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.

Check – Xiaomi Redmi Note 3 Specifications and Pricing Details

Check – Xiaomi Redmi Note Prime Specifications and Pricing Details

This post has been seen 447 times.

Team Maffat

News Maffat Com is a Free Guest Blogging Website. Must Try once.