Assembly partners of mammoth players in the electronics segment such as Samsung, Apple, and Realme have shown interest in moving to India in recent times. These companies have reportedly promised investments of up to $1.5 billion for establishing mobile-phone factories.
Fast-growing handset and TV brand Realme is encouraging more of its suppliers and manufacturing partners to open local factories in India and aiming towards manufacturing 5000 mAh battery mobile phones to achieve 100% local manufacturing of Realme latest phone models.
The company is constantly monitoring situations for each state and is re-arranging its stocks accordingly. Hitherto, India has lagged behind countries like Vietnam, Cambodia, Myanmar, Bangladesh, and Thailand in attracting these companies to set up plants in India.
This article will reveal the reasons behind this growing interest of smartphone companies to shift their plants and What it means for the Indian Smartphone market.
Why the Companies are interested in shifting their plants to India
The Indian government had announced a production-linked incentive scheme (PLI) for large-scale electronics manufacturing to boost domestic manufacturing and attract hefty investments in mobile phone manufacturing and specified electronic components. The PLI scheme extends an incentive of 4 percent to 6 percent on incremental sales (over the base year) of goods manufactured in India and covered under target segments, to eligible companies, for five years after the base year as defined. The efforts by the government to propose firms appear to be fruitful as 24 companies plan to set up mobile phone factories in India.
This Initiative means that the Indian smartphone market will skyrocket its sales. People could buy efficient 5000 mAh battery mobile phones from reputable brands like Realme and Samsung. Realme C11 is a powerhouse with a plethora of features among the 5000 mAh battery mobile phones.
In accordance with the recent reports, Realme has plans to expand manufacturing in India. Its supplier Oppo is also planning to invest up to $1 billion in India. This endeavour will surely boost the production of Realme latest phone models over the period of three years. There is reportedly a strong request from Apple to its clients to move part of the iPhone production out of China.
The companies are planning to diversify supply chains amid the ongoing coronavirus pandemic. The PLI could expectedly lead to the production of $153 billion of manufactured goods.
Realme is targeting tier 3 and 4 cities to expand its presence. They are strengthening the micro-distribution capability for the distribution of Realme latest phone models in the Indian markets. They are following the local situations and are making sure people in need always get adequate service.
Realme is looking to manufacture the in-demand 5000 mAh battery mobile phones alone in India to meet its market needs because 5000 mAh battery mobile conforms to high-performance. They have already presented us with the Realme latest phone models like the Galaxy M52 and the Narzo 30 5G.
Madhav Sheth, vice-president of Realme and chief executive officer of Realme India and Europe, said that the brand is thoroughly keeping up with its product roadmap and the priorities of delivering the top-rated Realme latest phone models with meticulous focus on the Realme latest phone specifications for the Indian market. “The second wave might impact our launch plans a bit, but the product roadmap is on track.”
Oppo, Wingtech Mobiles, and DBG technology are the primary manufacturing partners for Realme latest Smartphones. For smartphones, Realme latest phone is focusing on 5G as the prime driver of sales this year. All Realme latest phone models priced above Rs 20,000 will be 5G-enabled. With the aim to lead the era of 5G devices, Realme plans half of all its products to be 5G.
Sheth said the company is open to inviting its fans and business partners keen to join Realme to start their entrepreneurial journey.
He also said, “Extending our vision in India to give users one-stop experience, we plan to open 50 exclusive stores to enable Realme consumers to experience more Realme smartphones and AIoT (artificial intelligence of things) products.”
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Sheth said, over 10 component partners have set up facilities in India in the last year, and more partners are planning their facilities.
This event has resulted in the ease of manufacturing for the powerful Realme 5000 mAh battery mobile phones.
Madhav Sheth, CEO of Realme India & Europe, had spoken to the Economic Times. He assured, “We are continuously working towards strengthening our localization strategies and are encouraging more of our suppliers and partners to open local factories in India to contribute more to the economy of the country.” If you are considering buying a smartphone, keep your trust in the brand value of Realme. Buy any Realme latest phone using your Bajaj Finserv EMI network card and avail the benefit of a no-cost EMI. Want to upgrade your smartphone to a mighty 5000 mAh battery mobile phone? Realme 8s 5G, which is the Realme latest phone is available through the Bajaj Finserv EMI Store.