Foxconn to start production of Xiaomi Smartphones in India

Xiaomi is all set to start manufacturing its handsets in India, from August expectedly. Foxconn is contracted for the manufacturing of the smartphones for Xiaomi.

A close source from Foxconn’s new plant in Sri City said that, from the beginning of last month, the company has started shifting its machinery from its Chennai plant to the new plant. The relocating process is at the last phase and the production can start by August, the official said.

Sri City is a SEZ located 55 kilometres from Chennai towards its north and currently houses 107 companies from 27 countries and includes 45 MNCs.

Both Foxconn and Xiaomi visited Sri City a few months back and expressed their intent to start their manufacturing from there.

Due to Nokia’s exit in November last year, the Chennai plant had to be shut down in February. The manufacturing unit is, however, not so large and is just 20,000 sq. ft. in area, as disclosed by the official.

As per some media reports, Foxconn is planning to invest around a couple of billion dollars in India (which will range from $1.5 billion to $3.5 billion) and would set up 10–12 plants.

Xioami, which at present is valued at $45 billion, has already started its manufacturing in Brazil, the Chinese smartphone maker’s next big market after India.