In a decisive move aimed at enhancing Domestic Value Addition in the smartphone sector, Padget Electronics Private Limited, a wholly owned subsidiary of Dixon Technologies (India) Limited—a leading name in electronics manufacturing-inaugurated a state-of-the-art smartphone manufacturing plant in the Noida district of Uttar Pradesh today.
The newly established manufacturing facility by Padget Electronics, serving as the smartphone manufacturing arm of Dixon Technologies, has already commenced production for Xiaomi India, a global technology giant, in Q3 of 2023.
Spread across 2.7 lakh square feet, the advanced manufacturing facility in Noida represents a significant leap forward in India's pursuit of strengthening its presence in local smartphone manufacturing. With an annual capacity of 25 million units, the plant signifies a substantial stride in advancing India's capabilities in the smartphone production domain.
Mr. Sunil Vachani, Executive Chairman at Dixon Technologies, expressed his delight, stating, "We are thrilled about the state-of-the-art manufacturing facility, quality processes, and efficient production lines. It marks a momentous step toward our commitment to bolster the local smartphone manufacturing system in India. We believe that this association will leverage our excellence and superior execution, combined with Xiaomi's expertise and leadership in the Indian business ecosystem."
Mr. Atul Lall, Vice Chairman & Managing Director of Dixon Technologies, emphasized the significance of this milestone, saying, "This is a significant step forward in our journey of boosting the local smartphone manufacturing ecosystem in India and building a strong, world-class technology ecosystem. We have a 5-year-long association with Xiaomi India and are excited to start this new chapter that exemplifies synergy between our two organizations."
Dixon's expanded collaboration with Xiaomi India reflects the immense potential within the Indian electronics manufacturing landscape, highlighting a shared commitment to fostering technological advancement and innovation on a domestic scale.
EQUITYBULLS
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