Xiaomi: India output to reach 95% of sales

MUMBAI - Chinese tech giant Xiaomi on Monday announced plans for its second manufacturing plant in India, which will substantially boost production rates and further the company's expansion ambitions for the country.

The new plant, to be established in partnership with Taiwan electronics major Foxconn, will be built in Sri City in Andhra Pradesh, where the first plant is also located.

"We will have a combined production capacity of one phone per second during operational hours," said Manu Jain, vice-president and managing director of Xiaomi India, at a press conference in New Delhi on Monday.