Chinese internet company and handset-maker LeEco has filed an
application with the Foreign Investment Promotion Board (FIPB) for
opening exclusive stores in the country to sell its electronic products
both through brick and mortar stores and a e-commerce portal.
In the application, the company has said that it will open the stores, where it will display its complete range of products including TVs, VR headsets, Bluetooth devices and power banks, in the top eight to ten cities starting with New Delhi, Mumbai and Bengaluru.
Earlier this month, the company had also announced setting up in-house Content Delivery Networks (CDNs) in ten cities across India by end of 2016 for which it plans to invest over $10 million. Also, LeEco had shared its plans to set-up its research and development (R&D) centre in Bangaluru with an employment capacity of 1,000 staff by the end of the year
In the application, the company has said that it will open the stores, where it will display its complete range of products including TVs, VR headsets, Bluetooth devices and power banks, in the top eight to ten cities starting with New Delhi, Mumbai and Bengaluru.
Earlier this month, the company had also announced setting up in-house Content Delivery Networks (CDNs) in ten cities across India by end of 2016 for which it plans to invest over $10 million. Also, LeEco had shared its plans to set-up its research and development (R&D) centre in Bangaluru with an employment capacity of 1,000 staff by the end of the year
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