Categories: BusinessTechnology

Xiaomi to make wireless audio products in India

Xiaomi Corp’s Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to further localise its operations, the company said on Monday.

Xiaomi India will make its first local audio gadget at Optiemus Electronics’ factory in the northern state of Uttar Pradesh, the company said in a statement, reiterating that it was targeting a 50% increase in the production of components locally sourced by 2025.

The push comes as the manufacturer of the Redmi brand of smartphones recently lost out to South Korean rival Samsung as India’s top smartphones company.

The company did not say what kind of audio product it will make in the Indian factory, but it is “committed to forging more such collaborations for a wider range of categories, across our product line-up.”

Xiaomi, which locally manufactures most of the smartphones and TVs it sells in India, did not say when it will start making the audio products. It sells speakers, ear-buds, wired and wireless headphones in India.

The Indian government has been pushing global companies to invest in local manufacturing as a part of its vision to make the country self-reliant.

Source

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

What to do about energy sector reforms when governance incentives are the problem?

In countries where electricity outages and “load shedding” are a regular feature of life and…

4 days ago

Sector-targeted Skills Development as Industrial Policy

Today’s blog is a background note I prepared for a forthcoming Policy Research Report on…

4 days ago

How AI and machine learning can predict and explain social risks for more effective development operations

At the time when the Government of South Africa approached the World Bank’s Disaster Risk Financing…

4 days ago

Middle East institutional investors to increase allocations in private markets

US asset manager Nuveen indicates investors are looking for diversification outside of developed markets. Middle…

4 days ago

Mapping the contours of Chinese policy transmission at home and abroad

China’s place within international trade networks and global supply chains makes the propagation of Chinese…

4 days ago

From AI investment to GDP growth: An ecosystem view

Forecasts on the economic impacts of artificial intelligence diverge sharply. This column assesses how the…

4 days ago