Chinese Smartphone Maker iVoomi to Expand Manufacturing Operations in India

Share on Facebook Tweet Snapchat Share Reddit Comment
Chinese Smartphone Maker iVoomi to Expand Manufacturing Operations in India
Highlights
  • The investment will be done in two phases
  • It looks to bring advanced products at an affordable price
  • The brand will also focus on setting up R&D capacities

Chinese electronics firm iVoomi on Thursday announced to invest Rs. 250 crores to further strengthen its entry-level smartphones segment in the country.

The investment will be done in two phases. In the first phase, the company will invest in futuristic technologies to bring advanced products at an affordable price and will focus on setting up its manufacturing facility in India.

In its second phase of investment which will be in 2018-2019, the brand will focus on setting up R&D capacities and will also expand the manufacturing capacity within the country.

"With the significantly rising penetration of the iVoomi smartphones, our mission is to establish iVoomi as the most preferred smartphones brand in the entry-level segment," said Ashwin Bhandari, Chief Executive Officer, in a statement.

The company is working closely with technology giants like Qualcomm, MediaTek, Spreadtrum, Intel, Samsung, Galaxycore, OmniVision, Asahi, DragonTail and BnK to develop future-ready products for users across tier II, III and IV towns in the country.

It also plans to launch an extensive portfolio of smartphones in India with world-class features by the next quarter.

Apart from smartphones, the company also aims to introduce smart devices, smart accessories and personal care electronics this year.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Nokia 6, Nokia 5, Nokia 3 India Launch Set for June 13, HMD Global Confirms

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2020. All rights reserved.
Listen to the latest songs, only on JioSaavn.com