Coolpad Partners Videocon to ‘Make in India’: Chinese handset manufacturer Coolpad on Friday said it’s partnered to assemble its handsets in India, a move geared toward helping the business garner bigger share in the Indian smartphone marketplace that was strongly disputed.
Coolpad on Friday found the Note 3 Lite, which will be assembled in India. Priced at Rs 6,999, the handset will be available on ecommerce portal site, Amazon.in through a flash version from January 28.
Designed using a fingerprint detector, the 4G-empowered Note 3 Lite has a 5-inch display, 3GB RAM, 16GB storage (expandable up to 64GB), 13-megapixel back and 5-megapixel front cameras and 2500mAh battery.
He added that it’ll be another 1-2 years before full fledged production will probably be performed in India.
“The goal will be to create one million Made in India mobiles by H1 of 2016. Initially, around 15,000-20,000 apparatus will be imported from China and remainder will be produced from India,” he said.
Videocon additionally has a unique line of smartphones selling in the Indian marketplace.
Inquired regarding the price advantages of making in India, Tajuddin said the scale of operations in the united states continues to be not comparable to China.
“Nevertheless, the expense of producing in China are going up and individuals are looking at India as the following big destination… Making in India is giving us about 5-6 per cent gain which we’ll pass to the consumers,” he said.
Lately, many foreign players like Gionee Xiaomi and Asus have set up construction units. Handset manufacturers are trying to exploit on the multi-billion dollar opportunity in India, which will be among the quickest growing markets worldwide.
Coolpad can also be investigating strategies of setting up an R&D unit in India. “The discussions are on (within the firm). The whole SAARC region will be catered to by India, it is an essential market for us. The center would provide employment to 200-300 individuals at least,” he said.