On Wednesday, contract maker Dixon Technologies (India) Ltd announced a partnership with the Indian division of Xiaomi Corp to produce and export phones for the Chinese company.
The information follows Xiaomi India’s announcement that it will begin producing wireless audio goods in the nation by teaming up with electronics producer Optimums. This news saw a 4% increase in Dixon’s share price. As part of its attempts to become a major player in the global electronics supply chain, India has been urging international businesses to increase their investments in domestic manufacturing.
In an effort to save costs, Xiaomi India President Murali Krishnan B. told Reuters earlier in March that the firm will expand beyond its present network of 20,000 retail partners and increase local sourcing of mobile phone components.
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