 "Xiaomi")
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.
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"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.
--IANS
na/prw
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
