28 March 2017 Current Affairs: Chinese technology major Xiaomi's founder Lei Jun said, India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years.
Xiaomi entered India in July 2014 and last year, Xiaomi logged $1 billion in revenue in the country.
After entering India, the company opened its first plant in August 2015 and by March 2016, over 75 per cent of its phones were being manufactured in India.
Mr Lei also spoke about China's "Internet Plus" policy which "the Chinese premier started in 2015". "Internet plus action plan is a new form of economic plan where internet is integrated with traditional industries encouraging to the spirit of excellence in these industries and drive economic growth."
About Xiaomi: Founder: Lei Jun
Headquarters: Haidian District, Beijing, China
Products: Mobile phones, Smartphones, Tablet computers, Smart home devices and Laptops.