Xiaomi looks to set up manufacturing plant in Andhra Pradesh

News:

• India is one the fastest growing smartphone markets globally.
• According to research firm CMR, 19.5 million smartphones were shipped in India in the March 2015 quarter.
• Xiaomi, which entered the Indian market last year, said it had sold one million units till end of 2014.
• Posting a picture of the hoarding, Xiaomi Vice President Hugo Barra said: “GOOD MORNING VIZAG! This is what you see as you walk out of the Visakhapatnam airport arrival terminal. We’re about to take a huge step forward here in India! Can you take a guess?”.
• The company has not made any official announcements about its manufacturing plans in India, it has put up a hoarding with a ‘Make in India’ logo welcoming arrivals at Vishakapatnam airport.

Source: ET