Zee Media BureauNew Delhi: Chinese handset maker Xiaomi on Monday launched its first 'Made in India' smartphone Redmi 2 Prime in Visakhapatnam.
Under the 'Make in India, Made in Andhra Pradesh' programme, state Chief Minister N Chandrababu Naidu will launch the Xiaomi's first India-manufactured phone Redmi 2 Prime at a price of Rs 6,999 - in Visakhapatnam today.
At the event, Xiaomi also made announcement about its expansion plan in India.
Xiaomi, a Chinese low-cost smartphone manufacturer, is the third largest smartphone-maker in the world.
Following the Chief Minister's visit to China earlier this year, Xiaomi has come to Visakhapatnam to launch its first made-in-India smartphone and announce its plans for the country.
Given that global smartphone sales are estimated to grow from 1.5 billion in 2015 to 1.7 billion by 2017 and India will become the second largest smartphone market by 2017 after China, Xiaomi is looking to expand its presence and increase its market share in the country, it said.
During the programme in Visakhapatnam today, Manu Jain, CEO Xiaomi India and Hugo Barra, VP Global Xiaomi have remained present.
With Agency Inputs
First Published: Monday, August 10, 2015, 09:18