Coolpad Set to Invest $ 300 Mn in India, Launch New Smartphone

China-based tech firm Coolpad plans to invest $ 300 million in India by 2017 towards its mobile phone business. The company is going to sell its current inventory of stocks by the first quarter of 2016 and then it will start vending its “Made in India” gadgets.

Coolpad is well aware of the price-sensitivity issue in the Indian mobile market. So it has planned to make customers happy by keeping a competitive pricing strategy. A part of the money that Coolpad is going to invest would be used to lower the cost of their smartphones. The company has set its goal of shipping 0.5 million devices each quarter. It is also planning to boost its workforce by 10 times within one year.

The company has already announced a 4G-ready Coolpad Note 3 to be available at Rs. 8999. This smartphone would come with a fingerprint sensor at the back panel to unlock the phone within 0.5 seconds. It will also be able detect dry and wet fingers. The company said that the sensor can endure 10 million presses, which roughly add up to 9 years of use.

Coolpad Note 3 has a 5.5-inch IPS 720 screen powered by 1.3 GHz octa-core MediaTek MT6753 processor and a Mali T720 GPU that runs on Android 5.1 Lollipop. The smartphone comes with 3 GB RAM and 16 GB internal storage which can be expanded upto 64 GB via microSD card.

The phone sports a 13 MP rear cameral with LED flash and an aperture of f/2.0. It also comes with a 5 MP front camera. Coolpad boasts of a huge 3000mAh battery that has been designed to reduce power consumption. As far as connectivity is concerned the phone has Bluetooth 4.0, A-GPS and Wi-Fi 802 b/g/n.

If you are looking for a Coolpad Note 3, registrations are available on Amazon India for sale beginning October 20.

 

 

 

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