On Monday, leading Chinese smartphone retailer, Xiaomi, launched its latest phone, which was entirely assembled in India, though the components were imported from China. Not only is Xiaomi hoping to benefit from India's lower manufacturing costs, but it sees India as being a key market in the future. Google and Samsung have also been investing in India, as over the next two years the market for smartphones is expected to grow around 18 percent, with Huawei and Oppo Mobile also planning production facilities in India.
On Monday, leading Chinese smartphone retailer, Xiaomi, launched its latest phone, which was entirely assembled in India, though the components were imported from China. Not only is Xiaomi hoping to benefit from India's lower manufacturing costs, but it sees India as being a key market in the future. Google and Samsung have also been investing in India, as over the next two years the market for smartphones is expected to grow almost 50%, with Huawei and Oppo Mobile also planning production facilities in India.