Chinas Leagoo forays into India

Chinas Leagoo forays into India
Chinas Leagoo forays into India

Chinese smartphone maker Leagoo, entered India heating up the already over-crowded smartphone market. Leagoo plans to invest $200 million to set up a manufacturing unit in India. Kevin Liu, chief operating officer, Leagoo, was quoted as saying: “India has a huge population, which makes it a very interesting market. We have a big manufacturing unit in China and we are very confident about making our space in India.” The company targets to generate a turnover of $28.5 million (Rs 200 crore) by the financial year ending 2019. The 10-year-old smartphone maker has also been present in the European market, apart from China. The company is also in talks with online marketplaces, including Amazon Inc.'s domestic arm and Flipkart, for selling online.

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