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Make in India: Coolpad to invest Rs 30 crore for making smartphones here Chinese handset-maker Coolpad will invest over Rs. 30 crores in the country in manufacturing, research and development (R&D) and design as it launched a new smartphone – Coolpad Note 3 – priced at Rs. 8,999 on Friday. The company also said it will partner with Videocon to manufacture smartphones in the country and will roll out nearly half a million devices from its facility in Maharashtra. “The first Made-in-India Coolpad phone will be available in the first quarter of 2016,” Coolpad vice president Johnson Luo said. “India is very crucial market for Coolpad and we believe we will learn a lot from our investments here. We are here to bring affordable smartphones to the users,” Luo added. Coolpad, which produces nearly 34 million smartphones every year and has $3 billion (roughly Rs. 19,430 crores) revenue, had earlier launched in India with the Dazen brand name which was a partnership between Co

China Completes Construction of Lighthouses in Disputed South China Sea SHANGHAI, CHINA:   China has completed the construction of two lighthouses in the disputed South China Sea, the official Xinhua news agency reported, as tensions in the region mount over Beijing's maritime ambitions. A completion ceremony was held for the lighthouses on Huayang Reef and Chigua Reef in the Spratly islands, Xinhua said late on Friday. The United States and the Philippines have opposed the construction. China claims most of the energy-rich South China Sea, through which $5 trillion in ship-borne trade passes every year, and the Philippines, Vietnam, Malaysia, Taiwan and Brunei have overlapping claims. China said on Friday it would not stand for violations of its territorial waters in the name of freedom of navigation, as the United States considers sailing warships to waters inside the 12-nautical-mile zones around islands it has built in the Spratly chain. Washington has signalled it doe