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Coolpad Plans to Set Up R&D Centre in India|
- By CXOtoday Staff, Nov 06, 2009 1837 hrs IST
- Tags : Coolpad Communications, R D unit, Reliance Webstore
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China Wireles' Indian joint venture company Coolpad Communications plans to establish an R&D unit in India.
"We are currently scouting various locations across India for Coolpad s R&D centre. The R&D unit in India will be critical to our business growth in India and our expansion across the Globe," said Sami Al-Lawati, China Wireless India head and managing director, Coolpad Communications, in a statement.
Coolpad is planning to invest Rs 400 crore in India over the next three to four years -- towards the company s capex and opex requirements. The funds will be raised through internal accruals and debt, the company said.
Coolpad is also establishing a dedicated R&D unit and resources in Shenzhen, China. This unit will liaise with Reliance Webstore teams across India to seek customer feedback and develop differentiated products for the Indian market. Coolpad will also leverage the pan-India retail and distribution network of Reliance Webstore to enhance sales of its dual-mode smartphones in India, the company said in a release.
"Given our unique strengths in the dual-mode and 3G segments, we envisage a major upside for Coolpad as Reliance Webstore enters the handset distribution business in the backdrop of India s emerging 3G scenario," added Sami Al-Lawati.
Reliance Webstore has signed a distribution agreement with Coolpad for exclusive rights to market and distribute Coolpad s dual-mode smartphones in India.
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