The Lava-Huaqin venture would have an advantage over other Chinese manufacturers by its association with a domestic producer (Photo: Bloomberg)
Indian smartphone maker Lava International Ltd. is in advanced talks with China’s Huaqin Technology Co. to create an electronics manufacturing venture in the South Asian nation.
The venture would aim to win contracts from US and Chinese customers for research and development, design, and manufacturing of electronics products, according to a letter from Lava to India’s technology ministry seen by Bloomberg News. Talks for the partnership are close to being completed, according to the letter.
The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group. The Taiwanese giant, which assembles phones for Apple Inc., is among electronics companies that have built out production capacity in India to diversify beyond
First Published: Oct 17 2022 | 4:41 PM IST