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.
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.
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.
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.
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