In a drive to turn India into an electronics manufacturing hub, three Chinese major smartphone companies are currently negotiating with Indian manufacturers to produce mobile phones locally for export to the rest of the globe.
According to the source, the three Chinese smartphone companies are Xiaomi, OPPO, and Vivo. A source familiar with these new development says Xiaomi, Oppo, and Vivo are in talks with India’s mobile phone OEMs to take advantage of cash incentives available to local companies.
According to the reports, OPPO and Vivo have begun 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 construct and export mobile phones as soon as this year.
In recent times Oppo and Vivo have worked tremendously in the mobile phones industry, considering Lava will not only improve their energy in the sector but also expand local manufacturing of mobile phones around the world.
Likewise, Xiaomi approaching Dixon will boost the incentives of local phones manufacturing, as the duo companies are known for joining tech. Recall that in 2018, the duo companies partnered to unveil the first-hand make in India Mi TV, manufactured locally.
Therefore, such a relationship like this would be a watershed moment in an industry that is increasingly dominated by Chinese businesses. China is the world’s top smartphone consumer and producer, and Xiaomi and its competitors are looking to grow internationally as the domestic industry plateaus.
Both Indian corporations are considering government monetary incentives connected to production capacity as a way to increase India’s electronics manufacturing competitiveness.
Once the coronavirus travel restrictions are relaxed, Chinese corporate officials are likely to begin visiting plants in Lava and Dixon.
However, the main official announcement has not been made by Lava, Dixon, Xiaomi, and OPPO in order to ascertain the new development. Regardless of these factors, the source familiar with the development has confirmed the same.
Although, on the other hand, Vivo’s spokeswoman referred to the company’s prior remark that it aimed to ship phones from India by the end of 2022.