Chinese smartphone manufacturing company has joined the "Make in India" initiative. The company has partnered with Foxconn for the production of smartphone in Sri City Integrated Business City in the state of Andhra Pradesh by the end of 2015.
The company will have 30,000 square feet facility, which will have a cumulative peak production capacity of 500,000 units per month, and it will generate direct employment for over 1,000 full-time workers.
Pete Lau, Founder & CEO, OnePlus said, “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.”
Vikas Agarwal, General Manager - India, OnePlus said, "We are excited to add another significant chapter in our India journey as we look forward to starting local production of our smartphones within a year of our launch in the country. Local production will not only make our operations more efficient in terms of cost and working capital requirements but also help us in making our products available for sale much faster than ever before. Ever since OnePlus debuted in India, we have been deluged with requests for invites to buy our products, with more than 5 million registrations worldwide for our latest release – the OnePlus 2 – alone! With the best of our intentions of fastening up the availability process, we have been constrained by a few supply chain related challenges in meeting consumer demands. The local production will help to address this issue and better cater to the fast growing demands for OnePlus products in India.”
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