Make in India: Coolpad to invest Rs 30 crore in India for making smartphones

Chinese handset-maker Coolpad will invest over Rs. 30 crores in the country in manufacturing, research and development (R&D) and design as it launched a new smartphone – Coolpad Note 3 – priced at Rs. 8,999 on Friday.

The company also said it will partner with Videocon to manufacture smartphones in the country and will roll out nearly half a million devices from its facility in Maharashtra.

“The first Made-in-India Coolpad phone will be available in the first quarter of 2016,” Coolpad vice president Johnson Luo said. Read More…