Superphones Assembly Lines in India will be Setup by LeEco

Superphones Assembly Lines in India will be Setup by LeEco

Superphones assembly plants in India will be setup by Chinese internet conglomerate LeEco is with the aim to create more job opportunities in the country, a statement said on Thursday.

During a luncheon hosted for select companies in Beijing on June 24 during the visit of Indian Finance Minister Arun Jaitley, Le Holding’s Vice President and LeEco’s CEO, APAC, Tin Mok met the minister and introduced LeEco’s unique Internet ecosystem model, global expansion plan and the strategy for India.

Mok said,

“With the company’s globally successful ecosystem model, LeEco looks to lead India’s traditional industries into a brand new era and hopes to turn ‘Make in India’ into a win-win ‘Innovation in India’ initiative.”

He also emphasised that LeEco’s India plan deeply matches with the Prime Minister Narendra Modi’s ‘Make in India’ programme.

LeEco is also planning to expand it to have around 2,000 developers in its centre in Bengaluru.

The Chinese firm has also announced the investment of $10 million to develop CDN (content delivery network) in 10 major cities across the country to ensure the seamless streaming and experience of substantial high-quality content for the Indian user.

It will also establish official offline stores in eight to 10 major cities across India, including New Delhi, Mumbai and Bengaluru, as well as 500 franchise stores.

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