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Chip design is considered the most sophisticated aspect of the industry. "Most flagship handsets use Qualcomm's processors. But its production capacity in high-end chips is limited. These chips required cutting-edge manufacturing techniques, which need time to mature. The initial investment size is often conservative,"Mo of Canalysys said.

Chinese smartphone maker Xiaomi led the Indian market with shipments close to 8.2 million units in Q4 2017 while Samsung shipped just over 7.3 million smartphones to take second place, according to Canalys.

Cisco Systems

Chu Tin Tang, president of the London Chinatown Chinese Association, said such a celebration "consolidates the sentiment" of the deepening ties and friendship between the nations.

Cloud has become integral to companies' implementation of the Made in China 2025 strategy, which envisions industry adopting state-of-the-art technologies to upgrade and to automate, wherever possible, the manufacturing process so that emphasis is on quality as well as quantity.