Xiaomi, Chinese Technology founder Lei Jun on Monday said India is one of the most important markets for Xiaomi and it aims to create 20,000 jobs in the next three years. It was said when Lei Jun was speaking at the Economic Times Global Business Summit 2017, he said the company has made major strides in a very short time.
Lei Jun also said about China’s Internet Plus policy which was started back in 2015, by Chinese Premier.
“Internet plus action plan is a new form of economic plan where internet is integrated with traditional industries encouraging to the spirit of excellence in these industries and drive economic growth,” Lei Jun added further in his statement.
Later, Xiaomi’s founder Lui further said “After its success in the online market in India, Xiaomi wants to take its offline presence much higher by increasing offline market share to 50 per cent.”
According to analyst firm IDC, Xiaomi India has became the number one selling smartphone brand that sells online, with 29.3% market share. Xiaomi entered in Indian market in 2014 and last year it has logged $1 billion in revenue within India.
However, Lui announced on Monday that 95% of smartphone of Xiaomi that are sold in India are made in India only. Sitting on driver seat of success, Xiaomi recently launched its 2nd manufacturing unit in partnership with Taiwanese electronics major Foxconn in Andhra Pradesh.
The plant helped in generating employment for 5000 people from over 100 villages nearby, in that too more than 90% employed workforce is of women.