The eventful launch signifies the increasing importance of India for the Chinese firm.

"This is a flagship product that has drawn a lot of inspiration from India. A lot of tweaking has been done keeping in mind the Indian consumers and is made for India," Xiaomi Vice President Hugo Barra said.

Xiaomi Mi 4i sports a 5-inch Full HD display and is powered by a 1.7GHz Qualcomm Snapdragon 615 64-bit octa-core processor backed by 2GB of RAM.

The smartphone runs Android 5.0 Lollipop and comes with 16GB storage and has a 13MP rear camera with dual-tone flash and a 5MP front shooter.
Mi 4i gets its power from a 3,120mAh battery. On connectivity front, it supports 3G, 4G, Bluetooth 4.1, Wi-and GPS.
Xiaomi also plans to launch its data centre in India by later this year or by early next year as it looks to address data security concerns of Indian authorities.
In October last year, Xiaomi had announced that it will set up a local data centre in India to cater to the domestic demand here, following concerns raised by Indian Air Force and security solutions provider F-Secure about data protection of user data.