Tizen Powered Samsung Z1 will Soon Come with 'Made in India' Tag:
Hyun Chil Hong (R), president and chief executive of Samsung India Electronics, and Bollywood actress Huma Qureshi hold the Samsungļæ½s new Z1 smartphones at its launch in New Delhi January 14, 2015. South Korea's Samsung Electronics Co Ltd has launched the first smartphone powered by its Tizen operating system, a major development in the tech giant's aim to build a software ecosystem to rival Google Inc's AndroidREUTERS/Adnan Abidi

The long rumoured Galaxy Z2 is expected to finally see the light of the day next week in India.

Samsung has started sending out media invites for a smartphone launch event on Aug. 23. "Samsung's next meaningful innovation is here!," reads the invitation.

Though the company does not specify the product's name, it is widely reported that the mystery device is more likely to be the Tizen-powered Z2.

Samsung Z2: What we know so far

Numerous reports have indicated that the new Samsung Z2 (SM-Z200F) will have a huge upgrade over its predecessor Z1 in terms of RAM, storage capacity and camera. It is said to feature a 4.0-inch FWVGA screen with 800x480p resolution, new generation Tizen OS, a 1.5GHz dual-core processor, 1GB RAM, 8GB inbuilt storage, 5MP primary camera on the back, a 0.3MP (VGA) snapper on the front and a 1,500mAh battery. It is also said to boast proprietary money transfer app and S bike mode, which we see in popular Galaxy J series phones.

Samsung Z2 is expected to be priced around Rs. 4,500 in India. It is believed that the Samsung Z series, which run on the proprietary Tizen OS, is part of the company's plan to part ways with Google's Android ecosystem. First generation Z series was a huge hit in India. The company claimed to have sold more than 1 million Z1 units within six months of its release.

Now, it has come to light that Samsung is planning to roll-out the Z2 in several other emerging regions of Asia, Middle East and Africa including Bangladesh, Indonesia, Nepal, Saudi Arabia the UAE, Turkey, South Africa, and Nigeria.

Stay tuned for more updates.