Gurugram: HMD Global, the Finnish firm manufacturing Nokia-branded phones, is moving a significant portion of its production from China to India. The move comes as the company aims to make India a key manufacturing hub, tapping into the country’s growing electronics production ecosystem.
Ravi Kunwar, CEO and Vice President for India and Asia Pacific at HMD, stated that the company has already shifted critical supply chain operations and manufacturing components to India. This transition aligns with HMD’s strategy to enhance its export capabilities and reduce dependency on China amidst evolving global trade dynamics.
India currently serves as a key export base for HMD, with Nokia feature phones and smartphones shipped to markets in West Asia and Africa. The company is now preparing to expand its export reach to the US and European markets, a move likely driven by the ongoing US-China trade tensions and increasing global emphasis on supply chain diversification.
HMD is reportedly engaging with global electronic component suppliers to encourage them to establish operations in India. This could not only support the company’s manufacturing needs but also bolster the broader electronics manufacturing ecosystem in the country.
The relocation strategy is also influenced by geopolitical shifts, including the potential for stricter US tariffs on Chinese imports. By moving production to India, HMD aims to strengthen its position in global markets while aligning with India’s push to become a manufacturing hub under initiatives like “Make in India.”
HMD’s focus on India reflects a growing trend among global tech manufacturers to reconsider supply chains and manufacturing bases, driven by both geopolitical factors and the increasing importance of resilient supply chains.
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