Xiaomi India executives want more export incentives for the country

Manu Kumar Jain, xiaomi India executive, says the company is also able to grow its export business quickly thanks to more government incentives. To become a global manufacturing hub, India needs to compete more with places like Vietnam and China. India will be able to make the most of this with attractive, stable export-oriented policies and better infrastructure and logistics networks.

Xiaomi India executives want more export incentives for the country

(Pictured from: Xiaomi India, via NDTV)

The Chinese smartphone maker is understood to have begun small-scale export tests of Indian-made smartphones in Bangladesh and Nepal.

Support policies are limited, such as export tax rebates, but Jain said in an interview with IANS that he has asked the government to make India a more export-friendly place.

After all, India can learn a lot from Vietnam in stimulating domestic manufacturing. In addition, since BIS is not a globally recognized standard, they can also invest in global standard testing laboratories.

Earlier, India had announced a ‘export exemption’ (RoDTEP) to replace the ‘India Planned Goods Exports’ (MEIS) policy, which does not comply with WTO rules.

There are many hurdles around RoDTEP that need to be cleared before the final goal is reached. But With more government incentives, Xiaomi can quickly expand exports, says Jain.

We can now produce 3 smart machines per second, but as our production capacity continues to grow, we will be able to meet our growing product demand.

Xiaomi is currently partnering with Foxconn and Singapore Flex, with seven smartphone manufacturing plants in India, four in Sri,in Andhra Pradesh, two in Tamil Nadu and one in Noida.

More than 99% of smartphones sold in India. Xiaomi opened its first Indian plant in 2015, expanding to two in 2017 and 7 in 2018. 25,000 employees, 95% female.

Xiaomi also procures and assembles printed circuit boards (PCBAs) in India, and chargers, USB cables, and battery light components are almost 100% local.

It is worth noting that Xiaomi has also partnered with Dixon Technologies to build a smart TV production plant in Tirupati, Andhra Pradesh, contributing 85% of its local market share.

Since entering the Indian market in July 2014, Xiaomi has received a warm response from fans over the past five years. In the future, the company will continue to innovate to provide high-end technology and advanced products to local users at affordable prices.

Add a Comment

Your email address will not be published. Required fields are marked *