Xiaomi plans to set up 2 factories and retails stores in India

Aiming to reach out to a larger audience, Chinese tech-giant Xiaomi has applied for government permission to set-up retail stores and two manufacturing plants in India.

The smartphone maker does want to compromise with the rising demand of Xiaomi products in the world's fastest growing market

The company's co-founder, Bin Lin, said he will spend more time in India to research the demands of smartphone users. Xiaomi has already tied up with Foxconn to manufacture 75 per cent of its total devices in India. Now, the company is planning to open two more factories here.

According to an ET report, the India head of Xiaomi, Manu Jain, has already said that he is expecting at least one factory to be fully operational this year.

The company, in 2015, started manufacturing its devices in Andhra's Sri City factory under the Make In India project.

Xiaomi has already been launching India specific smartphones since the last one year. The recently launched Xiaomi Redmi Note 3 was loaded with a different camera for the Indian market. Last year, the Chinese brand launched Mi 4i, a phone specially made for India.