Xiaomi Gearing Up To Create 20000 Jobs In India, Says CEO Lei Jun

Xiaomi CEO Lei Jun has confirmed that the company is aiming to create 20000 jobs in India over the next three years. Responding to reporters during the sidelines of the Economic Times Global Business Summit 2017, Jun revealed that nearly 95 percent of the Xiaomi handsets sold both online and offline are manufactured locally at their manufacturing facility in Andhra Pradesh. He said that the company managed to achieve an increase of 75 percent in the total production when compared to March 2016.

Jun also said that the company had made significant progress over the last one year. Moreover, the aim of the company is to push the offline presence to 60 percent. According to IDC, Xiaomi India is the number one smartphone brand in India in the online segment with a market share of 29.3 percent.

Commenting about Internet Plus policy, which was introduced in China in 2015, Jun added that it has elevated Internet to become a pillar of strength for the growth of the economy. Moreover, Xiaomi is one of the early adopters to adapt this policy as soon as it was announced.

As part of the Internet Plus package, Jun said that the Internet is integrated with traditional industries to drive not only excellence but also economic growth.

To recall, Xiaomi’s revenue skyrocketed in 2016 with $1billion revenue after the arrival in 2014. Recently, Xiaomi has established a strategic partnership with Foxconn to open a second manufacturing unit in Andra Pradesh.

According to sources, Xiaomi is in a position to produce one phone per second after the commissioning of the second plant. Interestingly, the company has provided jobs to over 5000 people from 100 villages. Moreover, 90 percent of the workforce are women.