Chinese low-cost smartphone manufacturer Xiaomi on Monday unveiled its first made in India smartphone.Andhra Pradesh Chief Minister N. Chandrababu launched Redmi 2 Prime, fully manufactured in the state.The company announced that the device will be manufactured by Foxconn at their plant in Visakhapatnam.Naidu said it was a proud moment for Andhhra Pradesh to have Xiaomi making smartphones in the state. He said this had given big push to 'Make in India, Made in AP' programme.He noted that the Chinese firm rebranded as MI completed the project from concept to execution in 100 days.Hugo Barra, VP Global Xiaomi, Manu Jain, CEO Xiaomi India and Amitabh Kant, secretary department of industrial policy and programme, attended the ceremony.Xiaomi is the third largest smartphone-maker in the world, following Samsung and Apple.
It became the largest smartphone vendor in China in 2014 and at the end of December 2014, ecame the world's most valuable technology start-up, valued at $ 46 billion, said a statement from the chief minister's office.During his visit to China earlier this year, Naidu had invited Xiaomi to explore the opportunities to set a shop in Andhra Pradesh.The Chinese firm started manufacturing the phones at a facility of Foxconn through third party manufacturing route at Sir City, a special economic zone in Chittoor district.Priced at Rs.6,999, Redmi 2 Prime has 4.7 inch IPS fully laminated display. Built on 64-bit Snapdragon 410 quad-core 1.2 GHz processor, it comes with 4G enabled dual SIM with 150 Mbps download speed.