Xiaomi Mi5 will be released in India

Xiaomi, the Chinese smartphone maker that has taken the mobile market by storm in recent years, is planning a massive expansion. The company is already making incredible headway in China, where it has been able to face up against some of the largest OEMs in the world, and now it's going to spread its wings further in yet another incredibly important emerging market: India.

The Chinese brand has submitted plans to the Department of Industrial Policy and Promotion (DIPP) to open and operate stores that purely sell Xiaomi products, such as the new Xiaomi Mi5. and related accessories, similarly to how an Apple store functions. Interestingly, Indian law dictates that for a firm to open and run its own stores in such a fashion, the firm must produce at least 30% of their products in India. For whatever reason, Apple doesn't need to conform to such a ruling, possibly due to the high prices of their devices, but Xiaomi is already on track to meet such a target. A number of devices sold in India are already produced in the country as part of the "Make in India" scheme, and there are plans in place for the Chinese giant to open two more manufacturing plants later this year.

"We believe China will be a flat market, if not, even decline, Xiaomi's president and co-founder Bin Lin told ET recently. "Also, people buying smartphones from e-commerce are also going to grow very rapidly, and we're a big part of that," he said, suggesting Xiaomi will bolster its online store in India as well.

Discussions are ongoing with Foxconn, which will reportedly operate the factories for Xiaomi. New phones coming to the market include the Xiaomi Mi5 Pro, Xiaomi Redmi Note 3 and "new product categories" later in the year, Times of India said.
Source: Xiaomi Device