Vivo to invest $560M in new smartphone plant in India

The Chinese company vivo has been a strong player on the Indian market mostly due to the ability to manufacture devices in the country without paying additional import tariffs and taxes. According to latest reports from New Delhi, the company is planning to expand its 50-acre (202 thousand sq.m) facility with additional 169 acres of land (about 684 thousand sq.m) where a new manufacturing plant is expected to be built. The investment is reported to be nearly $560/€500 million. The deal on the expansion in Uttar Pradesh was approved by state chief minister Shri Yogi Adityanath....

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