Xiaomi to start manufacturing phones in Pakistan

Xiaomi


New Delhi, Nov 2 : Chinese smartphones and electronics giant, Xiaomi plans to manufacture phones in Pakistan, its local partner, Air Link Communication Limited, revealed in a material disclosure statement filed in the Pakistan Stock Exchange, Geo News reported. "Xiaomi, the global consumer electronics & smartphone giant, has joined hands with Select Technologies (Pvt) Limited, a wholly-owned subsidiary of Air Link Communication Limited, as its manufacturing partner for Xiaomi mobile phones in Pakistan," reads the statement. Last month, Air Link had announced that it will incorporate a wholly-owned subsidiary "Select Technologies (Pvt) Limited". "The primary objective of this wholly-owned subsidiary would be to take on additional mobile device manufacturing of certain selected brand(s)," Air Link had stated. Air Link said that it is initially targeting the production of an estimated 2.5-3 million handsets annually, which "will have a material incremental impact on the earnings per share of the company other than the normal course of business". The manufacturing of these smartphones will approximately contribute $450 million annually to revenue, the company projects. "The production facility will be located adjacent to Air Link's existing state-of-the-art mobile manufacturing facility at the Quaid-e-Azam Industrial Estate, Kot Lakhpat Lahore," read the statement. The production facility is expected to be operational within January 2022. /IANS




Related

Afghan journos restricted from covering security incidents
Kabul, May 16 : Afghan journalists have claimed that the Taliban-led government has imposed restrictions on them from covering security incidents in t

Killing of 2 Sikhs in Peshawar latest in a series of targeted attacks
[Kullu: Injured undergo treratment at the Regional Hospital Kullu after a tourist car fell into a gorge, near the Ghiagi area in Kullu district, Mond

Modi, Deuba lay foundation stone of India Int'l Centre for Buddhist Culture & Heritage
[**EDS: HANDOUT PHOTO MADE AVAILABLE FROM PIB ON MONDAY, MAY 16, 2022** Lumbini: Prime Minister Narendra Modi with Nepal Prime Minister Sher Bahadur D