Li Bin, CEO, Coolpad Group said “As the smartphone market gears for a revolution, India has become a crucial source from Coolpad`s strategy point of view. This has been clear from Coolpad`s investment strategy which is in line with India's Make in India initiative. We are proud to announce that, by the first quarter of 2016, we will start manufacturing Coolpad Note 3 from Videocon's Aurangabad factory. Our target is to produce 1 million “Make in India” Coolpad phones by the H1 of 2016. Initially, around 15,000- 20,000 devices will be imported from China and rest will be manufactured from India, going forward India will be the sole distributor for SAARC regions."