Letv has a new name LeEco and plans for a research centre in India

Gearing up for its India launch on January 20, Letv is all set to establish a strong footprint in the Indian technology space.

Letv is set to launch their products in India on January 20. (Twitter)

Gearing up for its India launch on January 20, Letv is all set to establish a strong footprint in the Indian technology space.

According to sources, the technology and internet conglomerate plans to recruit 1000 people for its Research and Development centre in 2016.

Starting with a mass hire of 200 people in February of 2016 itself, the company will ramp up the number to reach 1000 people within 2016.

Rumours have been ripe that Samsung top brass are likely to join Letv soon.

The internet conglomerate, who plans to hold its launch event on January 20, will hire 1,000 engineers for its Research and Development center in Bangalore by the end of the year 2016, according to the industry resource.

Letv has also been rebranded to LeEco. This move is to signify the company's foray into products beyond the television. The letters "L" and "E", convey the quintessence of the Le Eco world with its simple and elegant design. The four strokes which comprise "LE" each represent one of the four tiers of the Le Ecosystem -- platform, content, device and application.