Phicomm is planning to invest around $1 billion in India by 2017 in setting up five business units including mobile phones, small office home office (SOHO), Enterprise, Cloud services and Intelligent Cities. The company will set these units in a phased manner, starting with mobile phones and SOHO.

The company is planning to begin with an investment of $1 million for setting up a research and development (R&D) unit in Gurgaon or Bengaluru, which will employ 50 people. The company is also considering setting up a local brownfield assembly unit on its own. It may also opt for contract manufacturing.

Phicomm is targeting revenue of $15 million in 2015. The company had launched its first device in India in June 2015.