The Beijing headquartered company aims to fill half of its content library for India with original content made locally and for the local market.
LeEco has priced its models that come with 3D display at less than half the price compared to established players.
The GST Bill was passed by the Rajya Sabha, the Upper House of Parliament, late on Wednesday, paving way for a uniform rate of taxation across the country.
The company is also hiring more people to provide service for the new products that could be launched here till the end of the year, including around Diwali.
Under the proposed GST regime, most indirect central and state taxes, including excise duty, sales tax, service tax and value added tax, will be subsumed into one levy.
Mobile phone makers like Intex, Micromax and others not abandoning feature phones as they make comeback
Besides lesser known brands, players such as Samsung and Micromax still consider feature phones a key segment that offers good margins.
Mobile data revenue increased 31.2% to $154 million from a year earlier. Mobile data now represents 16.5% of total revenue compared with 12.9% in the same period a year ago.
This comes after Bengaluru customs about a fortnight ago attempted to levy 10 per cent BCD applicable to 4G gear imports also on 4G smartphones.
Reddy comes after spending four years in Snapdeal and another four prior to that in leading consultancy Ernst and Young.
For fructifying a deal with Foxconn, Nokia will need to reach out to the Indian government, specifically the departments of revenue, income tax, commerce and electronics & IT.
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