Xiaomi India MD Manu Kumar Jain told the company will engage with the partners to expand the domestic manufacturing to be part of the production-linked incentive (PLI) of the government.
Manu Kumar Jain told the company Redmi Note 10 Series will be made in India product and they have plans by this year, by 2021 to start exporting to many others countries but reality is that we are unable to fulfil even domestic demand.
According to CMR India, Xiaomi led the smartphone market with 27 percent market share in the last quarter of 2020. Xiaomi sells products like air purifies, fitness bands, VR headsets and power bank in India.
Xiaomi has five facilities in India where its partners Foxconn and Flex assemble phones in Tamil Nadu and Andhra Pradesh. It has also led up with BYD and DBG for smartphone while Radiant will help augment the company’s capacity of smart TVs in India.
The company started operations with a six-seater office in July 2014 as per company history in business arrived in India. He also said the company did not debut the salaries of employees during the pandemic and will cover the cost of vaccination for all of them.