HMD Global eyes India as its prominent sourcing hub

New Delhi: HMD Global, the Finnish maker of Nokia mobile handsets, said it is working towards making India its prominent sourcing hub for global markets and is currently engaged in building capabilities for smartphone manufacturing, besides focusing on bringing 5G smartphones at mass market price points in the country.“We see India as an important market not only for sales but also for sourcing, and we are evaluating different options within India and looking at what we can do within India from a sourcing point of view, and this includes different stages in phone manufacturing,” Sanmeet Singh Kochhar, vice-president, HMD Global, told ET. “We want to work with ecosystem partners in India to create a parallel ecosystem in terms of manufacturing and sourcing.”The company is looking to work with various original device manufacturers and electronics manufacturing services to build these capabilities for domestic and global supplies, he said. “We have ODM partners who have already set up in India and we are also working with Indian partners with whom I am trying to work on their capabilities and see what we can do along with them,” said Kochhar.

from Economic Times https://ift.tt/2VEvXBf