Make in India : Gionee to invest $50 million

Chinese smartphone maker Gionee will invest USD 50 million (about Rs 330 crore) over next three years to make handsets in India. The company has partnered global manufacturers Foxconn and Dixon to begin India production. Foxconn will start this association by manufacturing F Series and P Series phones from the existing Gionee portfolio. Dixon will be making feature phones and other smartphones for Gionee. Both the partners will start production in October. They have a capacity of more than 1.2 million handsets per month between them. This team will work on the Gionee UI, named Amigo, to make it much more customized for Indian consumers.

Points to Note
  • Gionee was Established in 2002. The company has sold over 23 million handsets a year worldwide and ranks number 10 globally by smartphone market share.
  • India is poised to overtake the US as the second-largest market in the next few years.
  • Recently, Chinese firm Xiaomi opened its manufacturing facility in partnership with Foxconn in Vishakhapatnam.
  • Recently Lenovo and Motorola announced that they will start manufacturing smartphones at their factory in Sriperambudur, Chennai.
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Telephone density or teledensity is the number of telephone connections for every hundred individuals living within an area.

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