Gionee signs MoU with Haryana govt for investment of Rs 500 cr

Gionee mobile phones would now be manufactured in Haryana as the company today signed an MoU with the state government to set up its phone manufacturing hub with an initial investment of Rs 500 crore which, later on, would be increased to Rs 1,500 crore.
The Memorandum of Understanding (MoU) was signed in the presence of Chief Minister Manohar Lal Khattar and state industries minister Vipul Goel by Chairman, Gionee Mobiles, Liu Lirong and Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) here.
Goel said that the Mobile Manufacturing Hub would be set up over an area of 40-50 acres in Faridabad and would provide employment to 28,000 people in next three years.

This, he said, would be a major project in Faridabad and more such projects would come up in other areas of the state, according to an official release here.
Gionee plans to manufacture about six lakh mobiles per month.