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OnePlus looks to deepen investments in India

Friday, 28 May 2021
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OnePlus, a consumer electronics manufacturer, is looking to deepen its investments in India to strengthen its Make in India strategy to achieve 100 percent local manufacturing for smart TVs and smartphones. 
The company also plans to make its Internet of Things (IoT) products locally and increase total percentage of products that are being made in India. 
OnePlus India has been significantly impacted under the second wave of COVID-19. The company has worked out a long term plan with its partners and global businesses. 
The company is also continuing with its previously announced investments for research and development (R&D) in India despite the merger of its R&D team with Oppo at the group level.
The company is investing Rs 1,000 crore over the period of three years to expand its India research and development centre, which will become its largest research facility globally by 2022.
Under the IoT strategy, OnePlus will bring new devices to Indian consumers in 2021.
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