X
X
Top
ADVERTISEMENT

Naidu woos Xiaomi to set up plant in AP

Naidu woos Xiaomi to set up plant in AP
x
Highlights

Aiming to bring electronics manufacturing to Andhra Pradesh, Chief Minister N Chandrababu Nadu began his second day in Beijing by meeting with executives from Chinese low-cost smartphone maker Xiaomi and electronics manufacturer Foxconn on Monday. During the meeting, the Chief Minister told the company executives about the advantages

Hyderabad: Aiming to bring electronics manufacturing to Andhra Pradesh, Chief Minister N Chandrababu Nadu began his second day in Beijing by meeting with executives from Chinese low-cost smartphone maker Xiaomi and electronics manufacturer Foxconn on Monday. During the meeting, the Chief Minister told the company executives about the advantages of investing in Andhra Pradesh, the availability of abundant water and power. “We have a 21-day clearance mechanism for industries.

We have a deemed clause and are working with Lee Kuan Yew School of Public Policy in Singapore on the ease of doing business,” Naidu added.Lauding Chinese manufacturers for their speed and scale of business, the Chief Minister said he wants to deliver all services through mobile. “We are looking at mobile applications in our digital literacy campaign,” he added. Stating that Andhra Pradesh will be an innovator and has been using technology for governance, the Chief Minister said that Andhra Pradesh could emerge as an electronics hub to substitute to India’s hardware imports which are nearly $50 billion.

Xiaomi India head Manu Jain, during a presentation, said that the company is five-year-old and works with Foxconn in China, Brazil and India. Xiaomi, represented by the company’s president Lin Bin and vice-president Hugo Barra, said the company’s smartphone sales alone totaled $335 million. Barra told the Chief Minister that she is looking forward to build a great working relationship with Indian and AP after an assurance from the Chief Minister about land and power issues.

Meanwhile, Josh Fougler, vice-president of Foxconn, informed the AP delegation that the company employs 1.5 million people globally. “We’re looking at $3.5 billion investment in India in the next two-three years. This would span across smartphones, software, TVs and other electronics,” Fougler said, continuing, their plans will provide jobs to 1.2 million people.

Show Full Article
Print Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
Next Story
More Stories