Yuho Mobile to invest ₹500 cr to start production in India

Chinese phone maker Yuho Mobile has said that it plans to invest ₹500 crore to start its production in India. "We are talking to Foxconn for setting up a manufacturing facility at Noida, near Delhi," the company's Business Head Rajeev Tiwari said. The company will also cater to countries like Nepal, Bangladesh, Sri Lanka, Vietnam and Philippines, Tiwari added.