Xiaomi has announced that it plans to set up a local assembly plant in the country within three to four months. In addition to generating employment opportunities for locals, this latest development will also boost smartphone manufacturing in the country. The manufacturing of smartphones locally will also attract foreign direct investment (FDI) and increase foreign exchange earnings via exports.
Xiaomi follows other leading brands such as Tecno, Infinix, Realme, etc., which are setting up local manufacturing in Pakistan. In a previous report, Samsung said it was establishing a mobile manufacturing plant in Pakistan. Three investors have been approached by the tech giant and companies are being shortlisted for licensing awards.
Source: Pakistan Defence