Amazon partners with Cloud Network Technology for Fire TV Stick production in India
Amazon is setting up its first device manufacturing line in India to make Fire TV sticks locally and has partnered with Cloud Network Technology, a subsidiary of Foxconn, to begin producing the device at its Chennai plant later this year.
The e-commerce giant claimed that the production line will have an annual capacity of “hundreds of thousands” of units, and will also continuously evaluate manufacturing capacity based on domestic demand for its devices.
Amit Agarwal, Global Senior Vice President and Country Leader at Amazon India, said, “We are delighted to announce Amazon’s first manufacturing line in India to produce hundreds of thousands of Fire TV Stick devices every year, catering to the demands of Indian customers. This further reiterates our commitment to the Government of India’s ‘Make in India’ initiative.”
The company said, is in line with its plan to partner with the government’s vision of a self-reliant India, or Atmanirbhar Bharat. It reiterated its commitment to invest $1 billion into the country to digitise 10 million small and medium businesses by 2025 and create 1 million additional jobs by then.
“India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry. We welcome Amazon’s decision to set up a manufacturing line in Chennai, as it will enhance domestic production capacities, and create jobs as well,” said Ravi Shankar Prasad, Minister for Communications, Electronics & Information Technology and Law & Justice.
Prasad also mentioned that it was only the beginning of Amazon's efforts to manufacture electronics products in India for the domestic market and for exports. The Union Minister told Amazon that while doing business in India they must also provide international exposure to Indian artisans and their products. Madhubani paintings from Bihar, Varanasi’s wooden toys, Benarasi Sarees are examples of some products, which must receive attention.
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