Chinese smartphone maker Xiaomi on Monday announced its second manufacturing unit in India at Sri City, Andhra Pradesh in partnership with Foxconn.
“With our second manufacturing plant running, we are extending Xiaomi’s commitment to being in India for the long haul and are generating more jobs in the country. I would like to thank our partner Foxconn for their incredible support in our India growth story,” said Manu Jain, vice president and managing director, Xiaomi India.
With the new manufacturing plant, more than 95 percent of Xiaomi’s smartphones sold in India are now manufactured in India. The company claims, it will now have a combined production capacity of one phone per second.
The Ratan Tata-backed Chinese company entered India in July 2014 and its first manufacturing plant went live in August 2015 and by March 2016, over 75 percent of its phones were being manufactured in India.
According to the company, the plant has so far created employment for more than 5,000 people. More than 90 percent of the workforce employed in the new plant are women.
The company has so far raised USD 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.
The company also launched its low range smartphone Redmi 4A on Monday which will be out on sale on 23rd of this month at a price of Rs 5,999. The company claims that the new phone is completely 'Made in India.'
The 4G phone features a 13 MP rear camera along with 5 MP front camera. It also has a long battery life with 3120mAh battery with a dual Whatsapp feature. – Money Control