OnePlus, owned by Chinese mobile industry giant BBK Electronics Co, has announced plans to set up an R&D (Research & Development) centre in Hyderabad, as reported by Financial Express. “OnePlus is setting up R&D Centre and also (an) experience centre in Hyderabad,” a senior Telangana government official stated.
OnePlus, which launched its most recent variant, OnePlus 6T, is the highest selling premium smartphone brand in India, with a market share of 36 per cent. The company which pioneered ‘flash sales’ on Indian online shopping sites like Flipkart and Amazon, has established its reputation by providing flagship specifications at affordable prices.
Telangana’s caretaker IT Minister welcomed the company’s decision in a tweet.
In recent years, many multinational companies have announced plans to set up their campuses in India. It was reported in 2015 that Google was to set up its biggest campus outside of the US, in Hyderabad. IKEA also set up its first India store in Hyderabad.
Studies have repeatedly shown that IT jobs have a strong employment multiplier effect. It is reported that every new job created in IT leads to the creation of four new indirect jobs.
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