The Finnish business HMD Global, which makes phones under the Nokia brand, has declared that it will move its manufacturing center from China to India. The founder of HMD Global, Jean-Francois Baril, stressed the significance of India as a vital manufacturing location in addition to its significance as a market. Why India is Key for HMD Global:India’s sizable and varied consumer base offers HMD Global a substantial growth opportunity. HMD Global expects that this change would improve its standing in the competitive smartphone industry and support international initiatives to create stronger supply chains. Conclusion:A calculated move that highlights the changing dynamics of global electronics production is the transfer of HMD Global’s manufacturing center from China to India.

Source: Mint November 26, 2024 14:51 UTC