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Tuesday, January 19, 2016

Big News - Coolpad partners with Videocon for 'Make in India'

Big News - Coolpad partners with Videocon for 'Make in India'



Coolpad, a global leader insmartphone manufacturing and integrated wireless data solutions today announced that it has partnered with Videocon Aurangbad unitto manufacture Coolpad Note 3 Lite the next edition of their widely popular fingerprint smartphone the Coolpad Note 3. The Chinese firm continues its tie-up with Amazon for exclusivesales of the device. Priced at Rs. 6,999, the Note 3 Lite will beavailable through scheduled flash sales starting on January 28.

Speaking on this occasion Mr Lou, Vice president of Coolpad said,''There has been a clear Coolpad`s investment strategy which is inline with India`s Make in India initiative. We are proud toannounce that, by the first quarter of 2016, we will startmanufacturing Coolpad Note 3 from Videocon`s Aurangabad factory. Ourtarget is to produce 1 million Make in India Coolpad phones by theH1 of 2016.

Initially, around 15,000- 20,000 devices will be imported fromChina and rest will be manufactured from India, going forward Indiawill be the sole distributor for SAARC regions, he added. Mr Lou, Vice president of Coolpad, Mr Abhijit Kotnis, Head ofManufacturing, Videocon and Syed Tajuddin, CEO,Coolpad India informed media persons at Videocon unit here atPaithan road in joint press conference.

Mr Tajuddin CEO, Coolpad India said, ''Coolpad Note 3 Litefeatures a fingerprint sensor, located at the back of the phone andsupports 360 degrees finger rotation capability, fast response timeand industry leading 3D image quality. Coolpad Note 3 Lite isequipped with 5.0 inch HD screen, bundled exclusively for the Indian market. 
The device is upgraded with 3GB of RAM along with 16GB of inbuilt storage which supports 4G LTE, 3G and GSM network frequenciesalong with a dual-SIM slot and SD Card support upto 64 GB, he said

Mr Kotnis head of manufacturing, Videocon, said, ''Partnershipbetween Coolpad and Videocon is mutually benefitting since Coolpad`sMake in India strategy is in line with Videocon`s vision tocontribute towards this government initiative through manufacturingdevices at our State-of-the- Art facilities. Through this exclusivepartnership we aim to offer best of both, Technology and Quality

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