Smartphone Vendors Ride On Make In India Wave

Since the Government of India announced the ambitious “Make in India” initiative to boost local manufacturing, India has emerged as the most attractive investment destination for industries. While MNCs are exploring business prospects, and competitive advantage in local manufacturing in the country, smartphone vendors are already riding on the “Make in India” wave. After leading smartphone brands such as Vivo, Oppo, Micromax and Karbonn have already set up their facilities in the country, another domestic handset maker, Lava International is now aiming to double its production capacity with the launch...