According to Manu Kumar Jain, Xiaomi India’s Vice President, India needs to be more competitive with other manufacturing hubs. Historically, China has been the leader in terms of manufacturing and assembly based sectors; this holds true especially for smartphones. However, in recent times, countries like Vietnam and India have been seeing increasing growth in the same area.
Now, the Vice President and Managing Director of Xiaomi India, has stated that India has to take initiatives to be more viable over its other alternatives like Vietnam and China. In an interview, the senior executive stated that the company has requested the Indian Government to make India a “more export-friendly destination.” India’s growth also directly impacts the company which is the leading smartphone brand in the country; that is also the second-largest smartphone market in the world.
He also mentioned a few of the moves the Government can take to favor such an initiative like duty drawback refund for the merchant exporter. Furthermore, Xiaomi is also expected to “invest in laboratories which allow for global standard testing, since BIS is not a globally accepted standard,” according to Manu.
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India has great untapped potential in its emergence as a manufacturing hub and Xiaomi will largely benefit from this. The Chinese tech giant has seven smartphone manufacturing plants in India in collaboration with the Taiwanese company, Foxconn and Singapore-based technological manufacturers, Flex.
Ease in export policies is great for Xiaomi as the company is looking to start a small export pilot to Bangladesh and Nepal for smartphones from India. The company is currently operating at 100 percent capacity with up to three smartphones being made every second which helps the company meet the increasing demand.
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(Via)
