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Coolpad to Invest $300 Million for Smartphone Manufacturing in India

Coolpad to Invest $300 Million for Smartphone Manufacturing in India

By Indo-Asian News Service | Updated: 13 January 2016 16:58 IST

Chinese handset-maker Coolpad will invest over $300 million (roughly Rs. 1,943 crores) in the country in manufacturing, research and development (R&D) and design as it launched a new smartphone - Coolpad Note 3 - priced at Rs. 8,999 on Friday.

The company also said it will partner with Videocon to manufacture smartphones in the country and will roll out nearly half a million devices from its facility in Maharashtra.

"The first Made-in-India Coolpad phone will be available in the first quarter of 2016," Coolpad vice president Johnson Luo said.

"India is very crucial market for Coolpad and we believe we will learn a lot from our investments here. We are here to bring affordable smartphones to the users," Luo added.

Coolpad, which produces nearly 34 million smartphones every year and has $3 billion (roughly Rs. 19,430 crores) revenue, had earlier launched in India with the Dazen brand name which was a partnership between Coolpad and Chinese search engine Qihoo 360.

"Dazen is no longer a part of Coolpad and has been separated due to a change in investor relations," Luo said alluding that Coolpad's 18 percent stake is also owned by Chinese giant Letv which is also thinking of launching its business in India.

Dazen will continue to sell its smartphones in India under the same brand name.

The company, which was the first to invent dual-SIM dual standby, is betting on the 4G revolution, Indian local language support and customisations for India to push sales of its devices.

The new smartphone, Coolpad Note 3, will be launched in an exclusive partnership with e-commerce player Amazon.

Coolpad Note 3

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Quick and accurate fingerprint sensor
Good performance
Good camera
Good battery life

Bad
Limited availability
Unappealing UI customisations

Read detailed Coolpad Note 3 review

Display 5.50-inch

Processor MediaTek MT6753

Front Camera 5-megapixel

Rear Camera 13-megapixel

RAM 3GB

Storage 16GB

Battery Capacity 3000mAh

OS Android 5.1

Resolution 720x1280 pixels

More Coolpad mobiles Coolpad mobiles price in India

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