Xiaomi Plans to Have India Smartphone Lineup Produced Locally

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Foxconn Technology Group has begun assembling Xiaomi Corp.’s first made-in-India smartphone from a new plant in the country’s south, helping the Chinese company shorten delivery times and prop up margins.

Xiaomi, the world’s fourth-largestBloomberg Terminal phone vendor, will source “100 percent” of Redmi 2 Prime devices sold in India from Foxconn’s new factory in Sri City, Hugo Barra, vice president of global operations, said by phone on Sunday.