China’s Huawei to start India smartphone production in October 2016
Fri Sep 23 2016
Ramesh Sridharan (877 articles)

China’s Huawei to start India smartphone production in October 2016

BEIJING Chinese telecoms giant Huawei Technologies Co Ltd will start making smartphones in India next month, the company said on Friday, joining a wave of compatriots setting up in one of the world’s biggest mobile phone markets.

The plant will be operated with the Indian arm of electronics manufacturer Flextronics International Ltd in Chennai, Huawei said in a statement.

The Chinese firm will also expand its Indian retail network, increasing to more than 50,000 the number of outlets it partners with by the end of the year.

As growth in China stagnates, India, the world’s fastest-growing smartphone market, provides Huawei and rivals like Xiaomi Inc with new opportunities to expand.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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