In a bid to turn India into an electronics manufacturing hub, three major Chinese smartphone companies are negotiating with Indian manufacturers to locally produce cellphones for export to the rest of the world.
According to the source, the three Chinese smartphone companies are Xiaomi, OPPO and Vivo. A source familiar with the new developments says Xiaomi, Oppo and Vivo are in talks with Indian mobile phone OEMs to take advantage of cash incentives available to local businesses.
According to reports, OPPO and Vivo have started talks with Lava International Ltd., while Xiaomi is in talks with Dixon Technologies India Ltd. If the current trend continues, Lava and Dixon expect to be able to build and export mobile phones as soon as possible. This year.
In recent times, Oppo and Vivo have done a lot of work in the mobile phone industry, considering that Lava will not only improve their energy in the sector, but also expand local mobile phone manufacturing around the world.
Likewise, Xiaomi approaching Dixon will boost local phone manufacturing incentives, as duo companies are known to join the tech. Recall that in 2018, the duo companies teamed up to unveil the first hand made in India Mi TV, made locally.
Therefore, such a relationship would be a watershed moment in an industry increasingly dominated by Chinese companies. China is the world’s biggest consumer and producer of smartphones, and Xiaomi and its rivals are looking to expand internationally as the domestic industry plateaus.
The two Indian companies are considering government monetary incentives tied to production capacity as a way to increase the competitiveness of India’s electronics manufacturing.
Once coronavirus-related travel restrictions ease, Chinese business officials will likely start visiting the Lava and Dixon factories.
However, the main official announcement was not made by Lava, Dixon, Xiaomi and OPPO in order to verify the new development. Regardless of these factors, the source close to the development confirmed the same.
Although, on the other hand, Vivo’s spokesperson referred to the company’s earlier remark that it was aiming to ship phones from India by the end of 2022.
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