Chinese smartphone maker Xiaomi has disclosed that it has set up three new manufacturing facilities in India bringing the total number of its smartphone plants in the world’s second most populous country to six. Xiaomi is at the same time preparing to host an event for global component suppliers where it is expected to showcase the investment opportunities that exist in India. About 50,000 jobs could be created by these suppliers who will specifically be visiting the states of Uttar Pradesh and Andhra Pradesh.
“We are extremely glad to host the first-ever Supplier Investment Summit in India. We believe that this will help our suppliers assess and expand the manufacturing base in the country. It will also contribute towards investment and job opportunities,”said Xiaomi’s India’s managing director, Manu Jain, in a statement.
Though Xiaomi did not reveal the level of investments that the smartphone manufacturer has made at the plants, the Chinese firm indicated that the new facilities would double the company’s production capacity in India to two devices every second when the factories are in operation.
According to Jain an assembly unit for printed circuit boards will be set up in Sriperumbudur and this will be in collaboration with giant contract manufacturer Foxconn. Xiaomi expects that by the third quarter of this year all the smartphones that it makes in India will possess printed circuit boards which are assembled in the country.
Top-selling smartphone brand
In India Xiaomi has only been present for four years but it has managed to break the dominance of South Korean giant conglomerate Samsung Electronics which has been operating for a longer period. In last year’s final quarter Xiaomi emerged as India’s top-selling smartphone brand after surpassing the South Korean firm.
Data from two research firms indicated that 8.2 million smartphones were shipped by Xiaomi in India in 2017 between the months of October and December. Samsung Electronics on the other hand shipped around 7.3 million smartphones during the same period. Xiaomi’s market share is now over 25% after enjoying sales growth of 259% last year.
About 95% of the smartphones that Xiaomi sells in the world’s second most populous country are manufactured in India and by embracing the ‘Make in India’ initiative of Narendra Modi, the country’s Prime Minister, the smartphone manufacturer has avoided import tariffs. Just earlier this month a 10% tax was imposed on imports of certain smartphone components included printed circuit boards.