Phicomm, a Shanghai based smartphone maker has announced to invest around 6400 crore rupees in India by 2017.The company has decided to set up 5 business units in phased manner which includes units of Mobile phones, Cloud services, Enterprise, Small Office Home Office networking products and Intelligent Cities in India.
By October 2015, Company plans to launch its (SOHO) products such as routers in which it leads in China and aims to sell 1,00,000 Smart phones by the end of the year.
About Phicomm:
- It is Shanghai based smartphone manufacturer incorporated in 2008.
- It manufactures some notable brands i.e ZTE’s Nubia, Vivo, Coolpad’s Dazen, Meizu. Phicomm entered in India June 2015 and has launched smart phones and also 4G devices.
- In China it competes with Apple where as it has to face Samsung the top player in India.
Note:
Recently Taiwan based Foxconn, that manufactures Apple’s iPhone and iPad has signed a MoU with Maharashtra government to set up facility in the state and will invest over Five billion dollars in period of 3 years.
China’s smartphone company Phicomm to invest $1 billion to set up India units
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