Chinese smartphone vendor Oppo has announced that it will set up its own manufacturing unit in India by August this year. India is one of the most lucrative markets on the global smartphone map. Also Read - Xiaomi Mi Mix 4 could launch as a high-end phone with tons of exciting features
Many companies like its rival Xiaomi had also hinted plans of manufacturing units in India. Even Apple iPhone manufacturer Foxconn look to set up as many as 12 facilities in India by 2020. This massive faith in the Indian market is due to the rapid increase in smartphone users in the country, not to mention the feasible labor and technology resources available here. The significant shift in smartphone usage is seen significantly, with shipments increasing by eightfold in just three years with 80 million last year, from 10 million in 2011. Also Read - Xiaomi confirms Mi 11 Lite colour variants in India: Here are the options available
“The smartphone boom in India indicates the time is just right to focus on expansion plans and increasing volume in India to a comparable level with the China market in the next five years,” Oppo vice president, Sky Like said. Also Read - OnePlus phones in future will continue to run OxygenOS despite merger with Oppo: Report
Oppo entered the Indian market in January 2014 and has so far sold around 400,000 devices with a target of 1.5 million units in 2015. Currently, it has 120 service centers across India and are targeting to open 200 service centres by end of 2015.