Chinese handset brand Gionee on Monday released its first made-in-India smart phone. The company is investing Rs 300 crore in the first phase at the Foxconn facility in Sri City, where it is looking to produce one of its economical phones F103.
Gionee president Willam Lu, said the unit at Sri City in Andhra Pradesh, close to Chennai, has a capacity to manufacture half a million phones and that it would be gradually achieved by March 2016. “We do not want to merely make in India, but make for India,” he added. The launch comes less than a week after Gionee launched its Elife E8 smartphone in India.
Speaking at the event to launch the phone, Andhra Pradesh chief minister N Chandrababu Naidu invited hardware manufacturers in China to invest in the state, promising them all facilities. He said the state had the potential to become a hardware hub.
OnePlus to start local assembly
Yet another Chinese handset company OnePlus said it has partnered Foxconn to commence local assembly operations in India, which is one of the world’s fastest growing smartphone markets. The first batch of smartphones produced from Foxconn’s Sri City facility in Andhra Pradesh will be commercially available by end of this year.
“Producing smartphones in India is one of the most important decisions that we have made so far at OnePlus, and we are thankful to Andhra Pradesh and Foxconn for helping us make this happen,” OnePlus founder and CEO Pete Lau said in a statement.
“India being one of our biggest markets worldwide, we are committed to a long-term sustainable growth path. This move will strengthen our presence and help us step up momentum in India,” he added.
Lau said local production will make the company’s operations more efficient in terms of cost and working capital requirements.