Xiaomi India is aiming to make some big strides in the Indian market according to recent news reports. Even with the government's reluctance to deal with Chinese-owned businesses, Xiaomi is planning to celebrate its ten years in India next month.
Xiaomi India has announced plans to create a local manufacturing ecosystem, similar to Apple's model. This initiative is aimed at boosting domestic production, reducing dependency on imports, and fostering a self-sustaining manufacturing environment within the country.
Despite obstacles, Xiaomi remains unwavering in its pursuit of a bold three-year plan that seeks to imitate Apple's ecosystem architecture. Xiaomi is looking to bring in additional partners to expand its operations, with a particular emphasis on supply chain localization.
Xiaomi is looking to boost its local manufacturing presence in India. This aligns with the Indian government's push for self-reliance and reduced dependence on imports.
Their strategy involves a mix of imported and domestically sourced components. They claim to already source nearly 50-60% of non-semiconductor materials locally, including parts like mechanics, fingerprint scanners, and camera modules.
This move aligns with the Indian government's "Make in India" initiative, encouraging foreign companies to invest in local manufacturing capabilities. Additionally, it could lead to job creation and contribute to the overall economic growth of the region.
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