Leading Chinese Mobile Manufacturer Gionee to Manufacture from India
Published By : 20 Apr 2015 | Published By : QYRESEARCH
Indian Government at present is engaged in the drive to encourage local manufacturing of mobile devices. They have even significantly reduced the duty to encourage global companies from manufacturing mobile devices from the soil of India itself. The plan of offering tax benefits seems to be working for, since leading Chinese manufacturer Gionee, who currently imports devices from the country, have finally given their nod to assemble the phones from a full-fledged manufacturing unit in India over a duration of three years.
Arvind Vohra, who heads the business for Gionee in India said the phone maker will devise plans for local assembly and will carry out the same in the next six months. In an interview given to one of the leading dailies in India, Vohra revealed that the company will begin their journey of manufacturing in India with a contract manufacturing model. In doing so, Gionee will look forward to make it independent in the 18 to 24 months.
The Chinese mobile manufacturer has sold a whopping 40 lakh devices previous year that has accounted for a turnover of more than Rs.2,750 crore. It has been further observed, over the past couple of months sale of Gionee phones in India is growing in leaps and bounds and the revenue is expected to almost double itself by the end of 2015.
The Indian government in its latest budget session has announced an incentive of 11 per cent for manufacturing from the soil of India. This has acted as a major catalyst encouraging global manufacturers to construct local facilities in India and start manufacturing from the country. As the operation of Gionee mobile pace up, the company is sketching plan to invest 300 crore rupees for setting up factory in India.