Chinese mobile phone manufacturer Oppo plans to invest USD216 million to build an industrial park in India's Greater Noida, and this project will include a manufacturing plant.
According to Sky Li, Oppo's vice president and president for its India branch, the company's industrial park will cover an area of 1,000 acres and the construction will be divided into stages. The entire project is expected to be completed in two or three years. Its initial annual output is expected to be 50 million phones and its ultimate goal is to produce 100 million phones every year.
At present, Oppo already has one factory in Greater Noida.
Li is very confident about Oppo's performance in the Indian smartphone market. He said Oppo will gain market share by providing outstanding user experience. Li also said that they are not after high shipments or prompt company scale expansion. Instead, the company will focus on providing high-quality products to users.
Statistics from GSMA show that in 2016 India exceeded America and became the world's second largest smartphone market. The association also predicted that by 2020, the number of India's mobile phone users will reach one billion. By June 2016, this number was 616 million.