China-based Smartphone maker Xiaomi Corp on 10 August 2015 tied up with Taiwan-based Foxconn to set up first Assembly line in Andhra Pradesh under Union Government's Make in India initiative.
These two Smartphone manufacturers will together roll out Xiaomi’s first locally made Smartphone, the Redmi2 Prime to expand Xiomi's market share in India. However, both the parties did not disclose the amount of investment made in setting up the assembly line.
Foxconn already began assembling phones at its facility in Sri City, an industrial park in Chittoor district of Andhra Pradesh. The Foxconn facility will house a 100m assembly line for Xiaomi that will put together phones with components imported from China.
Foxconn is currently making phones at four assembly lines in its Sri City facility. It will eventually expand to 20 lines with a production capacity of 30 million units.
About Xiaomi
• It is privately owned China-based world’s fourth largest Smartphone distributor, incorporated in 2011. It is famous for its designs of smartphones and consumer electronics.
• It designs develop and sells smartphones, mobile apps and consumer electronics. Xiaomi markets its products under brand name Mi.
About Foxconn
• Foxconn Technology Group is a multinational electronics manufacturing company headquartered in New Taipei, Taiwan.
• It is the largest electronics contractor manufacturer in world that manufactures notable products like iPad, BlackBerry, iPhone, Huawei, Kindle, Xiaomi, PlayStation 4, Motorola, Xbox One. It is third-largest Information Technology Company by revenue.
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