China's Xiaomi Begins Making Smartphones in India
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China's Xiaomi Begins Making Smartphones in India

Chinese company Xiaomi has tied up with technology giant Foxconn to set up its first facility to make smart phones in India - the world's fastest growing smartphone market. Foxconn has also announced other investments in India, giving a boost to Prime Minister Narendra Modi's bid to turn India into a manufacturing hub, and increasing the share of manufacturing in india's gross domestic product from about 16 percent to 25 percent.

Fast-growing Chinese smart phone maker Xiaomi Inc., unveiled its first smartphone manufactured in India on 10th August, at an event in Vishakapatnam.

Xiaomi, which is a Beijing-headquartered electronics company, designs, develops, and sells smartphones, mobile apps, and consumer electronics. In July 2014 the company entered India, which has since become the largest market after China for the company's low-priced, feature-rich phones which are popular with young and cost-conscious Indians.

Xiaomi became the world's sixth-largest smartphone vendor in the first quarter of 2014, according to data firm Canalys, after repeatedly doubling its sales. The company, valued at $10 billion last year, expects to sell 60 million phones this year.

While Xiaomi had forayed into the Indian market through the online route in partnership with e-Commerce giant Flipkart, Xiaomi has gradually expanded availability with Snapdeal and Amazon early this year. It has also started selling smartphones at brick and mortar stores through partners like the Mobile Store, Airtel and the recently announced a tie up with Redington.

Xiaomi products are currently manufactured in a Foxconn facility located in Sri City in Andhra Pradesh. While the existing facility will manufacture about 10,000 phones a day, Xiaomi has ambitious plans for India that could eventually make the country a key manufacturing base for the company.

India ranks behind China and the United States in smartphone sales, with up to 90 million smartphones expected to be sold there this year, according to Counterpoint Technology Market Research.

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Xiaomi revealed its 'Make in India' plans at a special event on 10th August, 2015 in Visakhapatnam, located in the state of Andhra Pradesh, in the presence of Honourable Chief Minister Shri Nara Chandrababu Naidu and Mr. Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP).

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