February 11, 2015: The Taiwanese contract electronics manufacturer, Inventec, is planning to set up a manufacturing facility in India. The facility is expected to come up in Chennai and if rumours are to be believed, the unit will manufacture Xiaomi phones for the Indian market.
The plans of setting up are based on the high demands pouring in from India for the Chinese phone brand’s products and also Inventec’s plans to expand its capacity to manufacture mobile phones.
The plant will be owned by Inventec and Xiaomi in initial stages will provide with necessary resources to help set up.
The manufacturing capacity of the unit and what capacity will be allocated to Xiaomi has not been shared yet.
Inventec presently has overseas manufacturing sites in Shanghai Hongqiao, Shanghai Pudong, Zhejiang jiashan, Sichuan Chongqing, Houston (USA), Juarez (Mexico), and Brno (Czech Republic).
Its mobile assembling facility is in Nanjing City in China. The capacity of which currently is 8 million units per month and expected to reach 10 million units by the end of 2015.
While, Xiaomi, which has seen multifold growth in five years of its operations, is a mobile internet company dedicated to creating an all aspect user experience. Founded in 2010, the company is currently evaluated at over US$10 billion and has over 3000 employees.
Xiaomi’s main portfolio of products includes Xiaomi Phones, MIUI ROM, MiTalk and MiBox.
The company is also world’s third-largest smartphone maker based on research firm IDC data, sold 61.1 million smartphones in 2014, triple from 18.7 million units in 2013. It aims to ship 100 million smartphones this year.