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Zopo to invest US$ 15 mn to set up unit in India

Business Standard:  July 21, 2016

New Delhi: 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.

Speaking about the manufacturing plans of Zopo, Bhatia said the idea is to export to south-east Asian countries from India. Zopo already have presence in countries such as Nepal, Sri Lanka, Bangladesh and Vietnam, among others, and with manufacturing starting here, all these countries will be supplied devices from India.

Globally, Zopo smartphones are available in 135 countries including Europe, China and south-east Asia.

The company on Wednesday launched what it calls the world’s first deca-core smartphone. Deca-core is 10 processing cores in one unit. The device has got 4 GB RAM and 32 GB internal storage. The smartphone comes packed with a finger-print scanner, 5.5-inch full HD display and 21 mega-pixels rear camera along with a secondary camera of 8 mega-pixels. It runs on Android 6.0 Marshmallow and supports near field communication, or NFC.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.