Chinese cell phone creator Oppo is planning a industrial park in Greater Noida which will house an manufacturing unit.
He said the industrial park is spread more than 1,000 sections of land and involves venture of around 1.5 billion RMB (Renminbi) yuan or about $216 million (generally Rs. 1,465 crores).
Oppo as of now has manufacturing operations in Noida. Radiating certainty on the organization’s situating in the Indian market on the quality of items like Selfie Expert cell phones, Li said Oppo will concentrate on client encounter for picking up marketshare.
“We already have a production unit in India and the SMT (surface-mount technology) centre is now undergoing the furnishment…it will be finished in February. Also, with regard to the industrial park, we will have the agreement signing press conference at the end of next month,” Sky Li, vice president of Oppo and managing director of international mobile business and President of Oppo India.
“Unlike many other companies we do not pursue high volume of shipments or scale of our enterprise…but we focus on creating strong products for users…We are creating a trend for the industry and many are following our footsteps on the selfie functionality. Our positioning (in the market) is correct and precise, and that is giving credit to our market research,” Li said.
India has overtaken the US in 2016 to become the world’s second-largest smartphone market with an installed base of 275 million devices, according to global industry body GSMA.
India has overwhelmed the US in 2016 to become distinctly the world’s second-biggest cell phone advertise with an introduced base of 275 million gadgets, as per GSMA.
GSMA has anticipated that India – which is as of now additionally the second-biggest mobile market all around – will have almost one billion mobile subscribers by 2020, from 616 million special users in June 2016.
GSMA figures that enhancing moderateness, falling gadget costs and administrator interests in network coverage and quality would convey an extra 330 million remarkable subscribers in India by 2020, lifting the nation’s infiltration rate to 68 percent of the populace (up from 47 percent in 2015).
“We will separate the project into different stages but our aim is to have the capacity of 50 million, and the ultimate goal is 100 million units,” Li said.
Oppo expects the operations in the proposed industrial park to start in the following 2-3 years. Li said the organization will keep on playing in the mid to top of the line go, in the cell phone market.