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Gionee to setup a manufacturing unit in Faridabad

Mobile manufacturer Gionee has signed a MoU with the Haryana Government to set up a manufacturing unit in Faridabad with an initial investment of Rs 500 crore. The unit will be set up over an area of 50 acres, and is expected to employ 28,000 people in the next 3 years. The facility will have a capacity of close to 30 million units and Gionee will manufacture around 6 lakh mobiles per month using the hub. The facility will also be used as an export hub in the future. Note that in April last year, the Chinese handset maker had said it planned to set up a manufacturing facility in India within the next three years. Gionee had also tied up with Foxconn and Dixon last year, to manufacture phones in India. This would include manufacturing its F series and P series phones, feature phones and other smartphones. The company said that both Dixon and Foxconn put together have the capacity of producing over 1.2 million handsets every month. At the time, the company said it would invest $50 million in the next 3 years in manufacturing in the country. Chinese manufacturers in India: Chinese manufacturers like LeEco, Gionee, Xioami, etc. have captured the Indian smartphone market better in the recent past, as compared to domestic brands like Micromax, and Intex. Market research firm IDC said in a recent report that smartphone shipments from China based grew 28% q-o-q; shipments from these brands also grew 75% in CY Q2 2016.…

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