Vivo will invest more in India to bring its design, R&D centres

NEW DELHI: Chinese smartphone maker Vivo has said that it will invest more in India to bring its design and research and development (R&D) centres to support its ‘make in India’ strategy, having already announced Rs 4,000 crore investment in setting up a new manufacturing plant in Uttar Pradesh that will generate 5,000 jobs in its first phase.

“In the near future, we believe we will invest even more in bringing design to India and R&D to India. We are evaluating all those options,” Nipun Marya, director-brand strategy, Vivo, told ET.

Vivo, citing the Gfk data, said that it grew 63.2% in terms of value and 60.9% in terms of volume in January 2019, even as the industry grew at a mere 16.8% and 14.2% by value and volume respectively.