Xiaomi India said that it is actively working to localise manufacturing of wearables and hearables in the country to further strengthen our local manufacturing. It said that the duty concession on electronic components will further strengthen local manufacturing and PM Gati Shakti will increase the supply chain efficiency respectively, especially post the supply chain challenges witnessed in 2021.
The company’s spokesperson said that the scheme for design-led manufacturing to build a strong ecosystem for 5G will further boost local innovation in the domain.
“The initiatives aimed at driving innovation and manufacturing are a great impetus towards aiding the boom of the electronics and telecom industry of the country – helping promote economic growth, create jobs,” a company spokesperson said in a statement.
“We are excited about the government’s commitment to roll out 5G by 2023, which will head into a new year of interconnected devices, making India future-ready.”
Xiaomi said that it has been one of the early adopters of the Prime Minister’s Make in India Initiative. “While we have been ramping up on local manufacturing, since 2021, we have been focusing on locally sourcing components like camera sensors, batteries etc. We are also working actively to localise manufacturing of wearables & hearables in the country to further strengthen our local manufacturing,” the company said.
Josh Foulger, Managing Director of Bharat FIH Ltd separately said that duty concessions to promote electronics manufacturing such as wearables, hearables, mobile phones parts including camera modules etc. is a significant step towards an Atmanirbhar Bharat and will help to promote electronics manufacturing.
“The Government’s acknowledgement of the positive impact of the Production Linked Incentive (PLI) Schemes, in the form of job creation and increased production in the next 5 years is very encouraging,” Foulger added.
The announcement of auction of 5G spectrum will boost the demand for 5G smartphones and telecom equipment will enable more consumer to be included in the next level of the digital economy, Foulger added. Pehal News