G Five International, Hong Kong-based and world's number ninth largest mobile phone maker company, is planing to set-up its manufacturing plant in India. The company is in talk with Indian government in this regard. At present, it has production plant in China and now also want to set-up one in India. G Five has recently launched G five G259 in India.
Indian mobile phone market is the world's fastest growing market and all world's major key players want to enter here with their innovative products. The company is mulling over to transfer mobile phone technology from China to India. In addition, it is also targeted to open 500 retail stores across India.
G Five provides feature rich mobile handsets at cheap price. At present, all the G Five mobiles are available between price range of Rs. 1500 to 5000. Now the company is planing to introduce smartphones at affordable price tag. The company wants to get 15.5 percent share market by the month of August this year.
India has 706 million mobile users and adds more than 15 million subscribers every month. And G Five has got 10.6 percent market share during the three months since between 30 September to 31, December 2010. Meanwhile, popular companies such as Dell Inc., Hewlett-Packard Co., Alcatel-Lucent and Sharp Corp. also have entered in India.
The G Five started its business in India in June 2009 and now has got good position in the market, reported by the IDC. At present the company is major competitor of Nokia and Samsung mobiles which has already their production plant in India.