Search Result for : Gionee

The Dollar Business Bureau Chinese smartphone manufacturer Gionee on Sunday confirmed it will stick to its plans of manufacturing mobile handsets in India despite being hit by Prime Minister Narendra Modi’s demonetisation scheme. “Yes, of course, we are committed to Make in India and planning to set up a manufacturing unit spread across 50 acres in Faridabad at a cost of Rs.500 crore,” Gionee India CEO and Country Head Arvind Vohra told PTI. When asked about the company’s plans of manufacturing mobiles in India post-demonetisation, Vohra said, “With demonetisation, the market had undoubtedly slowed down, but is getting back on track with the cash crunch situation easing. Sales declined 20% in the first two to three days, but with partial recovery now the decline ...

PTI Gionee mobile phones would now be manufactured in Haryana as the company today signed an MoU with the state government to set up its phone manufacturing hub with an initial investment of Rs 500 crore which, later on, would be increased to Rs 1,500 crore. The Memorandum of Understanding (MoU) was signed in the presence of Chief Minister Manohar Lal Khattar and state industries minister Vipul Goel by Chairman, Gionee Mobiles, Liu Lirong and Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) here. Goel said that the Mobile Manufacturing Hub would be set up over an area of 40-50 acres in Faridabad and would provide employment to 28,000 people in next three years. This, he said, would be a major ...

The Dollar Business Bureau   Apple has finally received a nod by DIPP on Wednesday to start its retail outlets in the country. The panel, led by Ramesh Abhishek Secretary, DIPP (Department of Industrial Policy and Promotion) has waived the 30 percent local content sourcing norm for Apple. According to sources the panel has agreed to remove the condition as it looked forward to the “cutting edge technology” that Apple would bring into the country. The committee has approved Apple’s proposal but is awaiting a go-ahead from the Finance Minister Arun Jaitley. Other than Apple, Chinese firms such as Gionee, LeEco and Xiaomi, have also approached the Indian government to set up single brand retail outlets in the country and have asked to waive the mentioned ...

Source : PTI Asus on Thursday said it has partnered with Foxconn to begin local manufacturing of smartphones in Sri City in Andhra Pradesh, a move that will help the Taiwanese tech major bolster its presence in the burgeoning Indian handset market. The company, which will kickstart manufacturing operations with Zenfone 2 Laser followed by ZenFone Go, aims to manufacture 1.5 lakh smartphones a month by the end of the current financial year. This will account for almost 80% of sales in India. No financial details were, however, disclosed. “India offers us a huge opportunity as smartphone penetration is just 10%. We are excited to announce our local manufacturing facility that will cater to the growing demands of the market,” Asus India ...