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New Delhi: Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country.
Through this partnership, Xiaomi has kicked off the production for its first locally-manufactured audio product at the OEL factory in Noida, Uttar Pradesh.
With this collaboration, the company is targeting a 50 per cent increase in smartphone domestic value addition over the next two years.
The move signifies a larger initiative in the Artificial Internet of Things (AIoT) domain, commencing with the localisation of wireless audio products, the company said in a statement.
“This partnership marks a major milestone in our efforts to accelerate our localisation of products and components to bring out high-quality devices that will be ‘Made in India’, at honest pricing,” said Muralikrishnan B, President, Xiaomi India.
The company has established the world’s leading consumer AIoT (AI+IoT) platform, with 589 million smart devices connected to its platform (as of December 31, 2022), excluding smartphones, tablets and laptops.
“We look forward to delivering great value through state-of-the-art infrastructure to manufacture Xiaomi products,” said Nitesh Gupta, Director, OEL.
OEL has two state-of-the-art manufacturing units in Noida.
“This collaboration demonstrates Xiaomi’s dedication to producing high-quality products, contributing to the growth of domestic manufacturing in India, and bolstering its efforts in democratising technology for the masses,” said the global technology brand.
This post was last modified on May 29, 2023 4:22 pm