OnePlus to Start Local Production in India
In keeping with Prime Minister Narendra Modi’s Make in India initiative, OnePlus will start local production of its smartphones in India by the end of 2015. OnePlus will set up shop through contract manufacturing at ‘Foxconn’s Rising Stars’ factory within the Sri City Integrated Business City in the state of Andhra Pradesh.
“We are excited to add another significant chapter in our India journey as we look forward to starting local production of our smartphones within a year of our launch in the country. Local production will not only make our operations more efficient in terms of cost and working capital requirements but also help us in making our products available for sale much faster than ever before,”Vikas Agarwal said at an official event in Bangalore that saw representatives of the Government of Andhra Pradesh today.
He futher added that, “Ever since OnePlus debuted in India, we have been deluged with requests for invites to buy our products, with more than 5 million registrations worldwide for our latest release – the OnePlus 2 – alone! With the best of our intentions of fastening up the availability process, we have been constrained by a few supply chain related challenges in meeting consumer demands. The local production will help to address this issue and better cater to the fast growing demands for OnePlus products in India.”
Local production of OnePlus’ upcoming devices will start by the end of this year at the 60,000 sq.ft facility at Foxconn’s Rising Stars factory. The facility is likely to produce up to 500,000 units per month to fulfill the growing demand for OnePlus’ smartphones in India.