Device

Xiaomi is considering building mobile phone factories in India

Updated:2015/3/19 10:01

In the afternoon of March 17th, co-founder and president of Xiaomi Lin Bin said in a public occasion, although many people questioned how long would Xiaomi continue to grow, he believed that Xiaomi would keep a rapid growth speed in the future. Lin Bin gave three reasons.

First of all, there is still 3 to 5 years growth space in domestic smartphone market. Although the permeation of smartphones has reached 70-80% in China, but due to the large population, there are still hundreds of millions of people that don’t use smartphones, which will continue to shift to smartphones.

Secondly, prices of smartphones will be cheaper and people will change their smartphones more frequently. At present, many smartphone users change for better smartphones in 2 or even less than 1 year.

In addition, the internationalization will bring a bigger market, the growth space of which will overpass China market in the next few years, and that is also why Xiaomi invited the former vice president of Google Hugo Barra to join in. Hugo Barra has spent a lot of time and energy in the India market.

Lin Bin has also confirmed that Xiaomi is evaluating and considering setting up factories in India, he said that the new factories would promote employments in India, so it is good for the economic development, in addition, the lower taxes can effectively reduce the selling cost of Xiaomi smartphones in India.

 Source:c114
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