Chinese smartphone maker Gionee is planning to apply for a single-brand license to setup exclusive stores in the country. Also Read - Best phones under Rs 6,000: Infinix Smart HD 2021, Redmi 7A, more
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The application comes after the government relaxed FDI (Foreign Direct Investment) in single-brand retail back in November. The liberalization of FDI in single-brand retail not only relaxes the 30 percent domestic sourcing rule, but also lets companies sell their products through retail, wholesale or e-commerce route.
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The mobile phone manufacturer based in Guangdong province is one of China’s largest mobile phone manufacturers. Last year, in line with Prime Minister Narendra Modi’s ‘Make in India’ initiative, the company had announced that it had partnered Foxconn and Noida-based Dixon to manufacture smartphones in India.
Back in September last year, Gionee also launched its first Made-in-India smartphone, called the F103. The 4G LTE smartphone priced at Rs 9,999, features a 5-inch 720p display, 1.3GHz quad-core processor, 2GB of RAM, and 16GB internal storage along with microSD card slot. It also features an 8-megapixel rear camera, 5-megapixel selfie camera, 2,400mAh battery, and runs on Android 5.0 Lollipop.
