Gionee To Invest INR 500 Crore For Its Manufacturing Unit In India

Gionee has taken a step further for consolidating its presence in the Indian market by soon setting up a manufacturing plant in the country, which the company feels, should be operational in 2 years’ time. This manufacturing unit is meant to serve the African and South-East Asian markets as well, other than the expanding Indian market. Investment into this North-India based manufacturing unit is stated to be about INR 500 crore, and Gionee also reveals that INR 400 crore are being pumped in for marketing and branding activities, half of...