OnePlus inks pact

BANGALORE: Chinese phone maker OnePlus said it had entered into an agreement with Foxconn Technology to manufacture phones in India, making the mobile phone company the latest to join a spate of rivals who have announced similar plans. “All our handsets are made in China and then shipped to India. So, making them locally will help reaching our Indian customers faster,” Chief Executive Pete Lau told reporters in a conference on Monday. India, under Prime Minister Narendra Modi, has sought to reboot manufacturing, but the country is yet to rival China, particularly in technology where most factories will likely be assembly units to begin with. Foxconn has said it is aiming to develop 10 to 12 facilities in India, including factories and data centres by 2020.