Xiaomi In Support of 'Make In India Plan', Hints At Big Plans

    Prime Minister Narendra Modi met CEOs of top Chinese companies in Shanghai on his last day of three day visit to China. The top business tycoons present at the interaction included Jack Ma of Alibaba, Xiaomi president Lin Bin, Huawei chairman Sun Yafang among others.

    Xiaomi In Support of 'Make In India Plan', Hints At Big Plans

    And in a bid to assure the top CEOs of the ease of doing business in India, Modi informed them about the steps being taken to make the taxation system transparent, stable and predictable.

    Recommended Link: LG Leather Back G4 Flagship Starts Global RollOut

    Xiaomi president Lin Bin said to PM Modi that "We have some big plans for India, We fully support Make in India." He further added that the company strongly supports the "Make In India" initiative and are setting up manufacturing operation in India with partners.

    Xiaomi In Support of 'Make In India Plan', Hints At Big Plans

    Bin also revealed that Xiaomi plans to invest USD$100M in India mobile internet start-ups to help accelerate the adoption of mobile internet in India.

    Recommended Link: Smartphone Sales Drastically Falls In India For The First Time In 20 Years

    India is the second largest market for Xiaomi after China and the company has been able to tap the low cost and budget smartphone sector in the country. In January, it was reported that the company will set up an R&D unit in India and it was in the process of signing a lease for a center in Bangalore.

    X

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more