Xiaomi's founder Lei Jun on Monday said India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years.
Speaking at The Economic Times Global Business Summit 2017 in New Delhi, Lei said that the company has made major strides in a very short time.
Lei said after its success in the online market in India, Xiaomi wants to take its offline presence much higher by increasing its offline market share to 50 percent.
Xiaomi entered India in July 2014 and last year, it logged $1 billion in revenue in the country. After entering India, the company opened its first plant in August 2015 and by March 2016, over 75 percent of its phones were being manufactured in India.
The plant has also helped create employment for more than 5,000 people from over 100 surrounding villages. More than 90% of the workforce employed are women.
Jun and Manu Kumar Jain, Xiaomi’s India head. met Prime Minister Narendra Modi on Monday to discuss about their Make in India plans.
On Monday, Lei announced that more than 95 percent of Xiaomi smartphones sold in India are made in India. Riding on its recent success, Xiaomi last week announced its second manufacturing unit, to be set up in partnership with Taiwanese electronics major Foxconn in Andhra Pradesh.
(With inputs from IANS.)
Join us on WhatsApp. Type “JOIN” and send to 9910181818.
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)