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NEW DELHI: Chinese manufacturer Xiaomi has launched its Mi 3 smartphone, a rival to the likes of Nexus 5, in the Indian market at Rs 14,500. The smartphone, currently listed on the company’s India website only, will be available for sale on July 15.The all-new Mi 3 has a 5-inch Full HD display and runs on a 2.3GHz quad-core Snapdragon 800 processor with 2GB RAM. It is powered by Android 4.3 (Jelly Bean) with Xiaomi’s proprietary MIUI skin on top. It packs 16GB internal storage, but does not support storage expansion via microSD cards.Xiaomi Mi 3 sports a 13MP camera with dual-LED flash on the back and a 2MP camera in front. Connectivity suite of the smartphone consists of 2G, 3G, Wi-Fi, Bluetooth 4.0, microUSB 2.0 and NFC. It has a 3,050mAh battery, and Xiaomi claims that the smartphone can deliver talk time of up to 21 hours on 3G networks.Made of aluminium-magnesium alloy, this smartphone weighs 145gram and is 8.1mm thick.The smartphone will come with Xiaomi’s Mi Cloud service, which will allow users to save and access their contacts, messages, photos, notes and call logs online. They will also be able to back up apps in the cloud and locate the handset online in case it is lost.Along with the smartphone, Xiaomi has listed two power banks with 10,400mAh and 5,200mAh battery capacities on its website. However, it has not revealed the prices of the two products.According to an earlier report, Xiaomi products will be sold exclusively via Flipkart in the country.Xiaomi is the latest Chinese manufacturer to enter the Indian market, joining the ranks of Oppo and Gionee. However, Xiaomi’s pricing is much more aggressive than the other two Chinese brands in India.In the first quarter of 2014, Xiaomi was the third-biggest smartphone manufacturer in China, ahead of Apple, Sony, Huawei etc. Unlike most smartphone makers, the company earns profits via web-based services and sells its products online via its website. It does not have retail outlets and does minimal advertising.In August 2013, Google executive Hugo Barra quit his job as the vice president of product management for Android to join Xiaomi as its global vice president. Last month Barra announced that Xiaomi has roped in Jabong co-founder Manu Kumar Jain to head its India operations.