Xiaomi eyes to set up more plants in India

HYDERABAD: To buttress its presence in India, smart phone brand Xiaomi will set up more plants as well as add capacity in its existing plants. The company currently has three manufacturing plants in India -- two for phones in Sri City, Andhra Pradesh and one for power banks in Noida in the National Capital Region, the company’s Vice-President Manu Jain told reporters after the launch of Redmi 5A here on Monday.

Redmi 5A will be available from December 7 across Flipkart, Mi.com, and Mi Home  stores, followed by offline retailers including Mi Preferred Partners.  

“We have emerged the fastest growing smart phone brand in India with 23.5 per cent market share. We are growing at 300 per cent year-on-year and will continue to grow at the same rate in the coming quarters. To  further fuel growth we will focus on both adding more capacity and  expanding our offline and online presence,” said Jain.  

He noted that since July 2014, the company has invested over Rs 3,000 crore in the country. The company targets Rs 14,000 crore revenue in 2017, he added.Seeking to allay fears over the security of the Xiaomi phones, Jain said: “We don’t collect any user data. Even when the consumer opting various services, the data is sent to servers, they are fully encrypted.”