Handset maker Coolpad Communications, a subsidiary of China Wireless, has announced to invest over Rs 400 crore in India to roll out its range of dual mode handsets and set up a research and development centre in the country.

The Chinese company has partnered with Reliance Webstore, the retail chain of Reliance ADA Group.

As per the agreement, Reliance Webstore will market the handsets through Reliance World and Reliance Mobile stores across India.

At present, there are over 230 Reliance World outlets across 104 cities in India.

It is learnt that the agreement is valued at about Rs 800 crore as a revenue upside for Reliance over the next few years.

The mobile maker is eying over 15 per cent market share in the smartphone category in the next three years in the country.

The company will soon come up with its dual SIM smartphones in the country.

Speaking on this, Sarup Chowdhary (Director and CEO, Reliance Webstore) said: "Our agreement with Coolpad Communications follows the successful test marketing of the brand across several cities in India. The dual-mode smartphones will leverage Reliance's nationwide presence in both CDMA and GSM services."

Guo Deying, Chairman and CEO, China Wireless Technologies said, "The partnership with Reliance ADA Group marks the commencement of our global journey.

We selected India as our first global destination in acknowledgment of the fact that it offers immense potential to create significant milestones in our global expansion plans."