LeEco is all set to Make in India
Within just 8 months of operations in India, LeEco the global internet technology conglomerate proudly announced the launch of its first state-of-the-art smartphone manufacturing facility in Greater Noida, India. The facility has been set up at a significant investment of 5 million USD and a further 2 million USD has been earmarked for the automation process.
The ceremonial lamp lighting to signify the official launch of plant operations was commenced by The Hon’ble Union Minister for Electronics & Information Technology and Law & Justice, Shri Ravi Shankar Prasad in the presence of Atul Jain, COO of Smart Electronics Business for LeEco India.
At the Inauguration, the minister said,
“With the objective of making India the manufacturing hub for electronics, the Indian Government has undertaken various initiatives to create a conducive businesses environment. As the market size for electronics is expected to grow to US$400 billion by 2020, it is imperative to promote indigenous manufacturing. LeEco is a name of global reputation and it is heartening to see it align with “Make in India” just after entering India eight months earlier. We laud their efforts of training local talents and building a center of R&D excellence in the country.”
The facility is spread over an area of 200,000 sq. feet and has a capacity of producing close to 60,000 phones per month initially. LeEco plans to rapidly ramp up the production to approximately 200,000 Superphones per month by the end of 2016. This facility will now ensure that users get the same quality of products manufactured locally at a better price.
LeEco also announced another milestone in its India journey – crossing the 1 million sales volume for smartphones in India. This is a commendable achievement for LeEco, zooming from zero to 1,000,000 in under 8 months. To celebrate this occasion, LeEco will be offering highly attractive “Le Million Joy” package for Indian users from August 30 to September 1st, available both on LeMall and Flipkart.