Xiaomi to host supplier summit in India from April 9-11: Here\'s what you need to know

by:Rocket PCB     2019-09-14
Chinese tech firm Xiaomi will host a supplier Investment Summit in India in April 9
Help more than 50 partners assess opportunities to build local bases in India.
Chinese tech firm Xiaomi will host a supplier Investment Summit in India in April 9
Help more than 50 partners assess opportunities to build local bases in India.
According to an invitation from Xiaomi, Xiaomi\'s more than 50 global parts suppliers will visit different states in India.
\"India is Xiaomi\'s most important market outside of mainland China and is today\'s main manufacturing center, so suppliers will visit different states to assess opportunities to build local bases in the country, it said.
It added that this will not only bring additional foreign investment to India, but will also create a lot of jobs.
\"The agenda of this summit is to help them understand the opportunities of the Indian market, incentives provided by the central and state governments, foreign direct investment policies, industrial policies and specific policies of various national sectors, the invitation said.
The Chinese government has taken a series of measures to promote the manufacture of electronic products, including mobile phones.
While the assembly of mobile phones is becoming more and more popular, the focus now is on component manufacturing, because a large part of it is still imported from countries such as China.
Recently, the government imposed a 10 per cent tariff on key smartphone components such as imported camera modules and printed circuit board components to promote domestic manufacturing.
India is one of the fastest growing mobile phone markets in the world.
According to IDC, a research firm, India shipped about 0. 288 billion mobile phones in 2017, which means that the annual growth rate is close.
During the period, smartphones grew by 14 percentage points.
Samsung leads the entire market with 24.
The share of the smart phone category is 7, 20.
In 2017, the share of the functional telephone category was.
Xiaomi followed Samsung for £ 20.
9% share, Vivo 9.
4%, Lenovo 7.
8 and Oppo 7.
Smartphone market share this year is 5.
Xiaomi currently has three production bases in India.
Two of them are located in Andhra Pradesh, Sri Lanka, working with Foxconn to produce smartphones.
More of Xiaomi\'s smartphones sold in India are made locally.
The third facility, located in Noida, works with Hipad Technologies to produce the power bank.
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