China’s Xiaomi has joined forces with Taiwan-based tech giant Foxconn to start assembling phones in India, seeking to cut costs and grab a bigger slice of the world’s third-largest smartphone market.
The factory, in the southern state of Andhra Pradesh, is a fillip for Prime Minister Narendra Modi, who has championed a campaign to turn India into a manufacturing powerhouse to boost economic growth and create much-needed employment.
India is the world’s fastest growing smartphone market, but so far a lack of good suppliers and infrastructure have hampered efforts to manufacture phones in the country, forcing most of India’s more than 100 different phone companies to import from China and Taiwan.
(Source: Jakarta Globe )
