Connect with us

Make in India

LeEco to Manufacture Phones under Make in India with Exclusive Retail Stores

Published

on

LeEco debuted the Indian smartphone market with the launch of Le 1s and Le Max back in January. Now, promoting the Prime Minister Narendra Modi’s Make in India and Digital India initiative, LeEco the Chinese Internet and technology conglomerate is also planning to set up a manufacturing base along with the research and development centers in the country. Apart from this, the company has also decided to establish retail and offline stores across the country to increase its market share.

Liu Hong, Vice Chairman & Co-founder, LeEco, said,

“We have already applied for the single-brand retail license with the Foreign Investment Promotion Board (FIPB). The ministry of communications and information technology has given us options like Andhra Pradesh, Telangana, Raipur’s electronic cluster, Bhopal and Bhilwada (Rajasthan) to set up our manufacturing base. We will evaluate all the options before finalizing our manufacturing location.” He further added, “We are looking forward to meeting the Indian prime minister and the telecom minister because we want to contribute for ‘Make in India’ and ‘Digital India’ initiatives. We would like them to understand our ecosystem and support us manufacture in the country.”

The company is in plans to open 8-10 LeEco stores and 500 franchise stores across India with an initial investment of Rs. 50 crores. The offline stores will be set up in the main cities like Mumbai, Bengaluru, Hyderabad & Delhi among others and will exclusively sell the products like Le Superphones, Le TV’s, VR headsets, Bluetooth devices and power banks. LeEco is also planning to set up Content Delivery Networks across ten cities in India with an initial investment of $10 million and R & D center in Bengaluru to connect the Indian technology with their ecosystem.

According to a recent study, India has become the second largest smartphone market regarding active smartphone users, crossing 220 million marks and is in roads to take up the top spot shortly. With the increase in demand, LeEco is sensing bright future and aiming to be among the top three players in the Indian market soon. The company is planning to disrupt the Indian smartphone market by offering high quality products at reasonable prices which the Indian consumers are always demanding.

Continue Reading
Comments

Recommended Video

Connect on Facebook

Top 5

Top 53 months ago

Top Features of the Vivo V7 Plus Smartphone

Vivo has finally unveiled the all-new selfie-centric smartphone dubbed Vivo V7 Plus in India. Though it is the successor to V5...

Top 54 months ago

Top 5 Best Performing Smartphones Under Rs 30,000 You Can Buy in August 2017

2017 has been an amazing year for smartphones. We have seen some really great smartphones launching this year so far...

Top 56 months ago

Top 5 Features of the Panasonic Eluga Ray Smartphone

Panasonic launched the new Eluga Ray smartphone here in India a couple of weeks back. This is yet another offering...

Top 51 year ago

Top 3 Smartphones from UMi you should take a look at

UMi is a Chinese smartphone manufacturing company that has launched a couple of smartphones previously. The smartphone manufactured by the...

Top 51 year ago

Fix Top 5 Pokemon Go Problems like Server Issues, GPS error, Battery Drain

Pokémon Go by Niantic began rolling out to players across the globe, and like all any other new game release,...

Top 51 year ago

Top 5 Features of Samsung Galaxy On5 Pro & On7 Pro Smartphones

The South Korean smartphone manufacturer Samsung, has been doing pretty good job with the budget smartphone lineup. They have introduced...

iPhone 6s - 1750mAh Battery iPhone 6s - 1750mAh Battery
Top 51 year ago

5 Tips to Make your Smartphone Battery Last till the End of the Day

Smartphones are the most useful piece of gadget that we own, which helps us get our jobs done easily. We...

Samsung Galaxy S6 Edge Plus - Top Features Samsung Galaxy S6 Edge Plus - Top Features
Top 52 years ago

5 Most Important Features of Samsung Galaxy S6 Edge+

Samsung fans must be in awe this year, as they’ve got to see two new flagship devices within the span...

Top 5 Missing Features on Samsung Galaxy Note 5 Top 5 Missing Features on Samsung Galaxy Note 5
Top 52 years ago

Top 5 Missing Features on Samsung Galaxy Note 5

Samsung has launched the much-anticipated smartphone ‘Galaxy Note 5‘ with not much improvements over specifications, but you can find the...

Samsung Glaxat Note 5 Featured image Samsung Glaxat Note 5 Featured image
Top 52 years ago

Top 5 – Most Important features of Samsung Galaxy Note 5

Samsung Galaxy Note 5, the biggest announcement by Samsung Mobiles in New York. The features of the device are pretty...


Trending