Jueves, 23 Marcha, 2017

Xiaomi to set up new plant in Andhra Pradesh

Manuel Armenta | 21 Marcha, 2017, 07:15

Chinese handset manufacturer Xiaomi, that forayed into India in July 2014, on Monday announced the setting up of its second manufacturing unit in partnership with Taiwanese conract manufacturing giant, Foxconn, at Sri City, Andhra Pradesh.

As with the first plant, the second plant will also be owned and operated by Foxconn to manufacture phones exclusively for Xiaomi.

"The first plant was running at nearly 100 percent capacity and still we were not able to meet the demand", said Manu Jain, VP and MD, Xiaomi India, while launching Redmi 4A here. The company pointed out that the new plant will create employment for over 5,000 people and over 90% of the workforce will be women.

The company has so far raised Dollars 1.45 billion from Ratan Tata, Qualcomm, Qualcomm Ventures, IDG Capital Partners, DST Global, Temasek, TrueBridge Capital Partners, Morningside Group, Yunfeng Capital, GIC, Qiming Venture Partners, All stars investment and Morningside venture Capital. While the company declined to comment on the investment details, it said Xiaomi will be able to make "one phone per second in India". Xiaomi claims that, 95 percent of Xiaomi's smartphones sold in India will be manufactured in the country. Priced at Rs 5,999, the 4G-enabled Redmi 4A will help the company compete aggressively in the sub Rs 7,000 category that is primarily dominated by Indian players like Micromax. The dual-SIM 4G-LTE device featuring Qualcomm Snapdragon 425 processor, 13MP rear camera and 3120mAh high capacity battery, is priced at Rs. 5999 ( about United States dollars 91.77). It also has a long battery life with 3120mAh battery with a dual Whatsapp feature.