Xiaomi announced its first manufacturing unit in India in Sri City, Andhra Pradesh.

 Chinese smartphone maker Xiaomi has announced its first manufacturing unit in India in Sri City, Andhra Pradesh. The company also launched its first ‘Made in India”smartphone called Redmi 2 Prime at a price of Rs 6,999. Xiaomi has exclusively partnered with Foxconn for this facility and going forward it aims to manufacture all of its smartphones to cater to the demand in the country. Amitabh Kant, Secretary, Department of Industrial Policy & Promotion (DIPP), said India has a huge amount of young energy right now and in many ways Mi represents the vibrancy, dynamism and innovation for present day India.  “Future of Xiaomi is not in China. It is in India. The kind of growth opportunity this country will give going forward cannot be matched by any other at this point of time. India has been the back office of the world and China has been the factory of the world. But this is radically changing given the IT skillset present here,” he said 
Xiaomi has a similar facility, in partnership with Foxconn in Brazil apart from China. “The unit in Brazil and the one here are exactly the same. It took us about three times more the time to start manufacturing in Brazil than in India,”said Barra.