32.1 C

HMD Global Exploring Ways to Strengthen Local Manufacturing Ecosystem in India

HMD Global, the Finnish company behind Nokia-branded smartphones, is actively engaged in discussions with global original equipment manufacturer (OEM) partners and suppliers to enhance the local manufacturing ecosystem in India, according to the Vice President of HMD Global India.

HMD Global

Everything about the HMD Global to strengthen in India!

In an effort to strengthen its presence in the Indian market and capitalize on the country’s growing demand for smartphones, HMD Global is exploring avenues to deepen its local manufacturing capabilities. By collaborating with global OEM partners and suppliers, the company aims to bolster the domestic production ecosystem and contribute to the government’s “Make in India” initiative.

The company’s India VP, Sanmeet Kochhar, highlighted the importance of localization and building a robust supply chain in India. He emphasized that the company is actively engaged in discussions with various OEM partners and suppliers to ensure a strong and sustainable local manufacturing ecosystem. Kochhar expressed confidence in the potential of the Indian market and affirmed HMD Global’s commitment to the country’s growth trajectory.

- Advertisement -TechnoSports Ad
image 400 HMD Global Exploring Ways to Strengthen Local Manufacturing Ecosystem in India

India has emerged as one of the world’s largest smartphone markets, presenting a lucrative opportunity for smartphone manufacturers. With its vast population and increasing smartphone penetration, the country offers a favourable environment for companies to invest in local manufacturing. By deepening its manufacturing ecosystem, HMD Global aims to leverage the benefits of local production, such as cost optimization, reduced import dependency, and faster turnaround times.

The Nokia parent company has been steadily expanding its presence in India since its entry into the market in 2017. The company has gained recognition for its Nokia-branded smartphones, known for their durability, reliable performance, and pure Android experience. By focusing on local manufacturing, HMD Global aims to cater to the specific needs and preferences of Indian consumers while contributing to the country’s economic growth.

The “Make in India” initiative, launched by the Indian government, aims to transform the country into a global manufacturing hub. It encourages companies to manufacture their products within India, thereby boosting employment opportunities, promoting local entrepreneurship, and fostering economic development. HMD Global’s efforts to deepen the local manufacturing ecosystem align with this vision and demonstrate its commitment to the Indian market.

2 16 HMD Global Exploring Ways to Strengthen Local Manufacturing Ecosystem in India

As the company continues its discussions with global OEM partners and suppliers, the company anticipates further strengthening its manufacturing capabilities in India. By collaborating with trusted partners, HMD Global aims to enhance its production capacity, streamline its supply chain, and deliver high-quality Nokia smartphones to meet the evolving demands of Indian consumers.

The Indian smartphone market holds immense potential, and HMD Global’s commitment to local manufacturing reflects its long-term vision and strategic approach. As the discussions progress, industry observers and smartphone enthusiasts eagerly await the outcome of HMD Global’s efforts to deepen its roots in the Indian manufacturing ecosystem and provide consumers with innovative, reliable, and locally manufactured Nokia smartphones.

- Advertisement -Follow-Google-News


Samsung Galaxy M04 Deal on Amazon: Unbeatable Value at Just ₹6,499

If you're in the market for a budget-friendly smartphone...

UBON Celebrates Exclusive Collaboration with ‘Fukrey 3’ with an Exciting Giveaway

UBON, India's leading Gadget Accessory Consumer Electronics brand, is...

Chennaiyin FC rope in GreenCell Mobility’s NueGo as Associate Sponsor

Chennaiyin FC have announced NueGo, India’s first intercity electric...

Dunzo Co-Founder Dalvir Suri Departs Amid Company-Wide Restructuring

Dalvir Suri, one of the co-founders of the quick...

Don't miss

The Sleep Company [CPS] IN



Dunzo Co-Founder Dalvir Suri Departs Amid Company-Wide Restructuring

Dalvir Suri, one of the co-founders of the quick commerce company Dunzo, has stepped down from his position due to the company's financial challenges...

Durability Test: iPhone 15 Pro Max vs. Samsung Galaxy S23 Ultra

A short time after conducting a bend test and teardown of the iPhone 15 Pro Max, which yielded mixed results, a highly-anticipated showdown between...

Sly OTT Release Date 2023: Sylvester Stallone’s Documentary Unveiled

Renowned Hollywood actor Sylvester Stallone is preparing to provide fans with an exclusive glimpse into his illustrious life through a career-spanning documentary. According to...


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.