China’s largest tech firm Xiaomi said on Monday
that they aim to create a whopping 20,000 jobs in India, one of their most
important overseas market. The new jobs will be created over a period of three
years up ahead.
The announcement was made at the Economic Times
Global Business Summit 2017, where Lei Jun, founder of Xiaomi, revealed that
the company has made major strides in a very short time. He also spoke about
China’s Internet Plus policy which is a new form of economic plan where
internet is integrated with traditional industries that can encourage the
industries and drive economic growth. The new policy elevates the internet to
become the most important engine for the country’s economy and Xiaomi is one of
the companies to adapt this policy.
After the success in the online market, Xiaomi
is all ready to take on the offline market. Xiaomi presently holds around 29
per cent of the online market share.
Xiaomi entered India in 2014 and has been
seeing a steady growth in the country ever since. After the introduction of its
first plant in August 2015 in AP, Xiaomi last week announced another
manufacturing plant in the country to help increase sales. Presently, Xiaomi is
manufacturing almost 75 per cent smartphones in the country and on Monday, the
founder announced that with the introduction of the new plant, manufacturing
will see almost 95 per cent Made in India phones ahead.
At the launch of the latest budget smartphone
Redmi 4A in India last week, Vice President Manu Kumar Jain also announced that
Xiaomi, with its new plant and massive women majority workforce, are able to
manufacture one smartphone every second. The new plant has helped employment
for almost 5,000 people from the surrounding villages in AP and 90 per cent of
the workforce employed there are women.
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