Oneplus Joins 'Make in India' Bandwagon; Partners Foxconn

Though the company did not disclose the investments made, OnePlus India general manager Vikas Agarwal said the facility at Foxconn’s Rising Stars factory will have a cumulative peak capacity of producing up to 5 lakh units per month.

The facility will also generate direct employment of over 1,000 full time workers, he added. The move will help the Chinese firm bolster its presence in the burgeoning Indian handset market, which is among the fastest growing globally.

India is poised to overtake the U.S. as the second-largest market in the next few years. Shipments to India grew 44 per cent to 26.5 million units in April-June, as per research firm IDC.

Over the past few months, global smartphone makers like Oppo and HTC have stated that they are considering manufacturing in India, under the government’s ‘Make in India’ initiative. Recently, Chinese firm Xiaomi opened its manufacturing facility in partnership with Foxconn in Vishakhapatnam.

Last month, Lenovo and Motorola had announced that they will start manufacturing smartphones at their factory in Sriperumbudur, Chennai.