LeEco arranges its Manufacturing Unit of Smartphone in Greater Noida

The make in India Project is helping India to grow up. The Chinese brand LeEco formerly known as Letv has revealed its first manufacturing unit in India. As per the rumour, LeEco has collaborated with the local manufacturer of Compal Electronics. The whole Project is set up in Greater Noida. The total budget for the Manufacturing Plant is $5 million and additionally $2 million for the Automation process. It seems like the Make in India plans has worked out for the significant benefits of India.

Highlights:

• LeEco setups its first manufacturing unit in Greater Noida, India.

• The total investment for setting up the Plant in India will cost up to $5 million.

• LeEco is planning up to Employ approx 1,000 local engineers for its project.

• LeEco has so far launched five Smartphones in India which proved to be quite a hit in the domestic market of India.

The manufacturing unit of the plant is widely spread over 200,000 square feet. Initially, the unit has the capacity of developing the products of approximately 60,000 Smartphones per month. As per the rumour, it is seen that the unit has already employed more than 200 staffs.

Other words:

It is assumed that the market capacity for the electronics will grow approx $400 billion by 2020. LeEco has already sensed the Make-in-India plans and has entered India just 8 months earlier. It has set up the whole manufacturing unit in India with the help of local talents. It is rumoured that LeEco has sold over One Million Smartphones in India, and this is marked as a turning point for the company. Now, the company has the objective to offer the customers more of its local manufactured products as per the needs and customizations of Indian users.

Final words:

As per the rumours, it has been marked that LeEco has proved to be visionary for India as it has crossed the 1 million volume sales for Smartphones in India. The company also plans up to involve and employ 1,000 engineers for its latest project by next year. It has been reported that LeEco has been fortunate to sell its Smartphones in India like LeEco 1s, LeEco Le 2, LeEco Le Max and Le Max 2. The Smartphones of LeEco is empowered by the 6 GB of RAM. Now, it’s just a wait for a year to watch LeEco with its new Indian customized Smartphones availing in local stores of India.