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Chinese electronic co iVOOMi enters India
26-Apr-2017

Chinese electronic major iVOOMi on Tuesday marked its entry in India with launch of two affordable smartphones Me 1 priced at Rs 3,999 onwards. The handset will be available in two versions—Me 1 and Me 1+ (Rs 4,999). The devices will be available online on ShopClues from April 25 midnight.Ashwin Bhandari, CEO, iVOOMi, India told that the company is rolling out 50,000 smartphones as its first batch for this week, which are manufactured in India. “We are currently manufacturing phones in the country with our partner Foxconn, but we will manufacture handsets in our own manufacturing unit by mid of 2018,” he added.Joining its Chinese peers such as Xiaomi, Oppo, Itel, and Gionee, another Chinese electronic player iVoomi has said that it will manufacture smartphones in India, and is investing $50 million (approx Rs 300 crore) to setup its manufacturing unit and R&D facility in India.

News Source:- http://www.financialexpress.com/industry/technology/chinese-electronic-co-ivoomi-enters-india/642323/