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Friday, September 23, 2016

Gionee Mobiles Signs Deal with Haryana Govt for setting up a manufacturing unit in Faridabad Friday Sep 16,2016

 
Mobile phone manufacturer Gionee on Friday Sep 16,2016 has signed a memorandum of understanding with the Haryana Government to set up its first manufacturing unit in Faridabad, Haryana, with an initial investment of Rs. 500 crore. 

The manufacturing unit will be set up over an area of around 50 acres in Faridabad and will provide employment to over 28,000 people in the next three years. The capacity of the facility will be close to 30 million units and Gionee plans to manufacture around six-lakh mobiles per month from this facility and use it as an export hub in future, the company said. 

The MoU was signed by Chairman, Gionee Mobiles, Liu Lirong and Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) in the presence of Chief Minister Manohar Lal Khattar and state industries minister Vipul Goel.

Gionee had entered the Indian market in 2013 and had already reached a turnover of Rs. 3,250 crore by end of 2015. The company plans to almost triple its turnover by end of 2016

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