Nokia-Maker HMD Global Intents to Make Components in India
Often recognized as Nokia Maker in international Market, Finnish company HMD Global is working diligently on making its own components in the country, as reported by a senior company official.
Ajey Mehta, Vice-President, HMD Global told in his media interaction,
We are treading on a path of phase manufacturing programme.We have already begun our conversations with our partner Foxconn to manufacture our own components in the country.
It will happen in some time. We might be a little behind our time, but eventually, components that attract import duty will be manufactured here.
The Indian Government has come with a 10 percent duty on import of key components like printed circuit board assembly and camera module to encourage domestic manufacturing in the country.
HMD Global is al...