Xiaomi looks to create 50,000 jobs in India, give PM Narendra Modi's pet Make in India scheme a big boost
Xiaomi`s push could boost Prime Minister`s Narendra Modi`s flagship `Make in India` drive that is aimed at adding tens of millions of new jobs and turning Asia`s No.3 economy into a global manufacturing hub. Xiaomi, which looks headed for a big initial public offering later this year, currently has six smartphone manufacturing plants in India
Xiaomi`s SMT plant will be run by Taiwan`s Foxconn, the world`s largest contract electronics manufacturer and a key Apple supplier. Image source: Reuters