Lenovo to make Smartphones in Chennai with Flextronics under Make in India initiative
Chinese personal computer and smartphone giant Lenovo has roped with electronics contract manufacturer Flextronics to start manufacturing facility in Sriperambudur, near Chennai.
Lenovo has forayed in Indian smartphone manufacturing sector after the latest entrant Foxconn who will manufacture the phones in its facility and will invest $ 5 billion over a period of five years in India.
Lenovo will start local manufacturing smartphones of it’s both brands Lenovo and Motorola which it acquired from Google last year at its Sriperambudur facility.
Lenovo’s development comes as another boost for the government’s ambitious ‘Make in India’ campaign which will establish local manufacture units with an annual production capacity of 6 million units smartphones and expects employment to 1,500 persons.
Currently Lenovo manufactures around three million PCs and laptops at Puducherry, near Chennai but didn’t have smartphone manufacturing unit in India.
It should be noted that India is the third largest smartphone market in the world.
Note: Sriperambudur earlier had Nokia manufacturing facility which later suspended its operations resulting 30,000 people losing jobs, 50% of them were women.
Categories: Business & Economy Current Affairs 2017