Xiaomi launched their Redmi Note 3 phablet on 3rd March in India. The device is having quite impressive specs & at a very competitive price. It is having all the specs near to a flagship or higher mid-ranger device but for a very budget price.
Now in an interview with Economic Times, the company co-founder & president Mr. Bin Lin said that the company will be setting up two more plants in India. He also said that he will be spending more time in India & analyzing the Indian market. he will also be underlining the current market status of south Asian countries.
He said that Indian plan includes manufacturing of Mobile devices, components & peripherals. Commenting on the market of China he said, “We believe it (China) will be a flat market, if not, even decline” He expects that India is the fastest growing market n the world *& there will be a sale of 140 million devices in India. He commented on the eCommerce & mobile business, “Also, people buying smartphones from eCommerce are also going to grow very rapidly, and we’re a big part of that”
Further he told about the plan of setting up new plants in India”We talked to Foxconn about opening two new factories, they’re in discussions with some of the provinces (states)” He mentioned that company is focusing to get “at least one of them up and running within this year”
The company is also considering the new budget amendments made by the Union government which will make local manufacturing of mobile accessories like batteries, chargers and some other parts cheaper, “We’ve already started working on bringing some of those local sourcing suppliers to India“