China based Lenovo Will Manufacture Smart Wearables in India
Chinese Device Maker Lenovo Group Ltd is looking forward to making smart wearables in India and raise its local market by three folds, a plan that will help to push Prime Minister Narendra Modi's vision of making India an electronics manufacturing hub.
Sebastian Peng, Head of Accessories Lenovo Mobile informed in an interview that the tech giant aims to corner 20 percent share of India's market for wearables such as fitness bands and watches. He added,
We have launched our product range in India and have received a positive response. We are looking to expand our porfolio including premium products.
The company has managed to secure 6-7 percent of the market share of smart wearables since last year when they had started. It now aims to set up a manufacturing unit in India, where the sm...