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Bubu further said, "The Indian government's thrust on 'Make in India' has opened up a plethora of opportunities for organizations looking to conduct business in India." Foxconn, the world's biggest contract manufacturer of electronics goods including for Apple Inc, has announced plans to set up as many as 12 factories in India. Last week, Xiaomi announced start of assembling its Redmi 2 Prime smartphone at its new factory in Vishakapatam. Xiaomi is still sourcing its materials for Redmi 2 Prime from China.