Chinese smartphone manufacturer  OnePlus  announced Monday its plans for local production at the Foxconn  Rising Stars factory within the Sri City Integrated Business City in the state of Andhra Pradesh by the end of 2015. Local production of OnePlus' upcoming devices will start before end of this year at the 30,000 square feet facility, which will have a cumulative peak production capacity of 500,000 units per month, and generate direct employment for over 1,000 full-time workers, the company said, adding the first batch of locally-produced phones would be made available before the end of the year. At a formal announcement of the event in Bengaluru, Pete Lau, Founder and CEO of OnePlus, told journalists that the move will help step up momentum for the firm in the country, and give further support to the Government's Make in India initiative. Pete Lau, Founder & CEO, OnePlus said, "Producing smartphones in India is one of the most important decisions that ...