Zopo to invest $15 mn to set up unit in India – Feedback

China-based smartphone maker Zopo Mobile is planning to invest $15 million (Rs 100 crore) to set up a manufacturing plant in India by the end of this year.

The company, which had entered the country in September 2015, is looking to set up the facility in Noida, near Delhi. Domestic electronics firm Adcom is the exclusive national distributor of Zopo here and currently 50,000-60,000 devices are sold every month. “We are exclusive national distributors for Zopo. We are representing Zopo in all their operations right from marketing, sales and logistics,” said Adcom Chairman Sanjeev Bhatia. He added that by Diwali, the company plans to sell about 100,000 devices every month and have an annual turnover of Rs 1,000 crore.

http://www.business-standard.com/article/companies/zopo-to-invest-15-mn-to-set-up-unit-in-india-116072001169_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *