Xiaomi to remain 100% subsidiary of Chinese parent, not tying with any Indian firm: Report
Muralikrishnan B, president of Xiaomi in India, said that the company is not looking at any joint venture with any Indian firm
Source: businesstoday.in
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Xiaomi to remain 100% subsidiary of Chinese parent; will not dilute stake in Indian arm, ET Retail
Chinese mobile phone manufacturer Xiaomi has said it will not pursue the joint-venture solutions used in India by its peers. President Muralikrishnan B said the firm was looking to remain a 100% subsidiary of its Chinese parent, amid speculation of an Indian joint venture, especially as some of its contract manufacturers enjoy incentives from the government.
Source: indiatimes.com
Growing wearables production in India bleeds China units · EMSNow
Wearables manufacturing in the country is going from strength to strength, in a big boost for the government’s ‘Make in India’ initiative. And this is proving
Source: emsnow.com
Why the PLI scheme, despite a tepid start, could see things change for the better
Designed to boost India’s manufacturing capabilities and exports, the production-linked incentive scheme has had a tepid beginning. Things might begin to change in FY24, with economic activity predicted to normalise
Source: businesstoday.in
Growing Wearables Production in India Bleeds China Units
The surge in wearables manufacturing in India is impacting Chinese assembly lines adversely, with many factories in that country facing a sharply reduced order book, several industry executives ET spoke to have said.
Source: indiatimes.com