China’s Vivo plans mobile handset plant in India
Chinese smartphone maker Vivo on Wednesday said it plans to set up a manufacturing plant in India over the next few years. "India is a good market with huge potential. Setting up a manufacturing plant here is on top of our agenda. We will consider setting up a plant in India in the next few years," Vivo India General Manager Tracy Chen said in a statement.
Many Indian and international handset vendors like Micromax, Lava Xiaomi and Asus have evinced interest in setting up manufacturing in India. The government is also offering various incentives like capital subsidy and tax benefits on setting up local manufacturing here. Vivo on Wednesday opened its first company-owned exclusive brand store here. The Shenzhen-headquartered company, claims to have a "stronghold" in Thailand, Vietnam, Myanmar.