Gionee ready to make in India; seeks policy clarity

Depends at what stage the Indian govt plans to facilitate manufacturing, as far as we are concerned, we are ready at every stage, says company's India Head

Press Trust of India Shenzhen
Last Updated : Dec 15 2014 | 3:17 PM IST
Chinese handset maker Gionee has said it intends to start manufacturing in India and is awaiting clarity in government policy on the matter before taking the plunge.

"It depends on the (government) policy, we are ready to manufacture in India," Gionee's President William Lu said here.

The company, which currently manufactures 60 million units annually at its facility here, said it would be better equipped to take the decision to make in India once there is complete clarity on the policy from the Indian side.

Also Read

"It depends at what stage the (Indian) government plans to facilitate manufacturing, as far as we are concerned, we are ready at every stage," Gionee India Head Arvind R Vohra said.

He added: "We have to find vendors for our produce. If the need is for an assembly line we are ready now but would rather go for deep manufacturing."

With a customer base of 4.5 million, Gionee manufactured 30 million phones during the year. This output will be ramped up to 45 million in the next year.

The company, which launched its sub-brand IUNI in China last year, is in the process of registering it in India.

"IUNI will be a separate company and we are hopeful of completing the registration process by April-June 2015," Vohra said.

Meanwhile, the company plans to scale up manufacturing at its unit here from 60 million annually to about 75-80 million in next two years.

"We plan to increase production by 10-15 million units every year," Lu said.

The Chinese handset maker's latest device Gionee Elife S5.1 has been recognised by Guinness Book of World Records as the slimmest smartphone in the world.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 15 2014 | 3:02 PM IST

Next Story