Gionee has signed a MoU with the Haryana State Government, which will see them set up a manufacturing unit in Faridabad, Haryana. Recently at the launch of the Gionee S6s, Gionee confirmed its intention of taking the Make in India initiative to beyond just assembling smartphones and this move comes as a nice little validation to the same. The manufacturing unit will see an investment of Rs 500 crores go in, resulting in a facility spread over 50 acres. Over 28,000 employment opportunities are expected to be created over the next three years thanks to this move.
Gionee already has been assembling devices in India in a partnership with the likes of Foxconn. This saw the Gionee F103 being awarded to be one of the first phones with the ‘Made in India’ title. The MoU was signed between the Chairman of Gionee Mobiles Mr. Liu Lirong and the Chief Minister of Haryana, Shri Manohar Lal Khattar.
Arvind Vohra, the Country CEO & MD, Gionee India has always been a huge believer in the Make in India initiative and commented the following:
Keeping in line with our Make in India initiatives, we have taken it a step further from having two facilities to setting up our own manufacturing unit in India. This unit will help us achieve the inventory levels required to take Gionee to the next level of growth. It is a dream project for us, and our aim is to not justset-up a factory, but an entire modern township around it, for our employees. We are thankful to the Haryana government for giving us the opportunity to give shape to our endevours.
With a manufacturing plant now coming in India, you would assume that Gionee will be in a place to price their phones more aggressively than the competitors relying on importing smartphones. How it pans out, will be interesting to watch.