China based startup OnePlus has announced that it will begin manufacturing devices locally in partnership with Foxconn .
The partnership was formally announced by Pete Lau , founder & CEO, OnePlus and Vikas Agarwal who is general manager – India, OnePlus in the presence of prominent officials from the Andhra Pradesh government.
“Today is a big day for us. Producing smartphones in India is one of the most important decisions that we have made so far at OnePlus, and we are thankful to the Government of Andhra Pradesh and Foxconn for helping us make this happen. India being one of our biggest markets worldwide, we are committed to a long term sustainable growth path. This move will strengthen our presence and help us step up momentum in India,” Pete Lau said.
OnePlus’ decision to make in India will help the company to locally fulfill the demand for OnePlus’ smartphones in India in the future.
A major benifit from this initiative is that it will also generate direct employment for over 1,000 people on a full time basis, the company informed. This will in turn boost Make in India, prompting more and more companies to join the initiative in future.
Also India is expected to overtake the US in 2017 to become the world’s second largest smartphone market after China.