Xiaomi Oppo and vivo gear up to transfer some export production to India

The shift of export production of Xiaomi, Oppo and Vivo to India can lead to a major boost in the country’s economy and will finally pave way to making India as a major global manufacturing country of electronics and smartphones.

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The India-made smartphones will be exported to other countries which will take away a large portion of china’s manufacturing output from their factories. Companies like Apple and Korean smartphone company, Samsung have carried out the same strategy that had helped the Indian economy to grow.

The overseas markets which will be opened up for India are Africa, the Middle East, Latin America and Europe along with the neighbouring countries. The decision for this shift has been influenced by the government’s strategy to lower investments from china and tensions in Ladakh. Chinese telecom companies are not considered as preferred suppliers and some are going through tax investigations.

The decision has possibly been taken due to pressures of increasing exports. Government schemes like PLI (production-linked incentive) that allows that offers local sources in India can be one of the major reasons too.

Xiaomi India boss had shared his vision of making India a $5 trillion economy by 2025-26 and make India a major electronics manufacturing base just like how Samsung had exported phones worth 2.8 million dollars during April-October .

It has been found that Chinese companies are anxious to begin exports despite facing number of challenges. This decision will bring business and growth to India from China probably boosting the IT and electronics sector of the country.

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