Xiaomi plans to invest close to $1 billion in India by 2022
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Xiaomi plans to invest close to $1 billion in India by 2022
India is strategically important and the biggest market outside China.
‘It is the only market outside China, where we have built all types of set-ups – R&D centre, service centres, production lines and warehouses.’
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I am sure even Apple inc will start production in india soon or later (atleast within 2022) because every country sales is saturating (not reducing, its saturation but iphone/samsung sales is reduced in western) but in india its just starting, and 50 % of population in under 25-35 years, that they change phones periodically.