Make in India: Gionee to invest $50 million to make handsets in India

Arvind-R-Vohra-MD-CEO-Gionee-India-with-William-Lu-president-300x300Chinese smartphone maker gionee will invest $50 million approximately 330 core over next 3 years to make handsets in india.

Taking Narendra Modi’s Make in India announcement ahead, the company has partnered global manufacturers Foxconn and Dixon to begin India production. Gionee’s ‘Make In India’ will happen at the facilities of Dixon Technologies and Foxconn which are based at Delhi-NCR and Andhra Pradesh respectively.

Foxconn will start this association by manufacturing F Series and P Series phones from the existing Gionee portfolio while Dixon will be making feature phones and other smartphones for Gionee in India.

Both the partners will start production in October. They have a capacity of more than 1.2 million handsets per month between them.Gionee said it will also increase investment in its R&D team in India which will work on software to give a better …Read more

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