A Dozen Chinese Technology Firm Keen on 'Make in India'
BANGALORE: About a dozen Chinese electronics manufacturers expressed keen interest in setting up production facilities in India, specially for mobile phones, which could entail a huge investment of $2-3 billion.
“Chinese companies are quite enthusiastic about setting up manufacturing base in India either on their own or in partnership with Indian companies,” Mobile World (Shoujibao) Wu said at China-India Mobile Phone & Component Manufacturing Summit here.
The Chinese companies showed keen interest in setting up manufacturing facilities in India include Huaqin, Tinno, Windtech, Sprocomm, Vsun, Chino-e, besides electronics component makers.
“India today is the fastest growing mobile phone market globally and for Chinese industry presents the biggest manufacturing. We are very keen to tap the potential,” Tecno Vice President Zhong Qi said.
Tecno is a major mobile phone manufacturer based in China but sells its product outside China.
“We are quite impressed that the progressive policies of Modi government and new manufacturing eco-system is very encouraging development for investment and business,” Wu said.
Read More: Chinese Mobile Makers to Invest Up To $3 Bn in 'Make In India'
