New Delhi. Finland-based company HMD, which makes Nokia brand phones, has now decided to shift a large part of its manufacturing operations from China to India. The company says that this step has been taken to establish India as its global manufacturing hub. Along with this, HMD has also encouraged its suppliers from around the world to set up factories in India.

According to a Moneycontrol report, HMD India and Asia-Pacific CEO Ravi Kunwar said, “Whatever we used to export from China is declining rapidly and exports from India are increasing. We have started shifting our supply chain, sourcing, and logistics hub from China to India. This step has been taken to support our strong export strategy.”

Nokia is already making phones in India.
The company has partnered with Dixon Technologies and Zet Town India to increase production in India. Many of HMD's smartphones and feature phones are already being made in India, and are exported to West Asia and Africa. The company says that aspects like cost, quality, and timely delivery need to be improved to make India a competitive and reliable manufacturing hub. HMD also said that it will take time to completely shift from China. The government should make a clear policy.
HMD has demanded a clear policy from the government to promote local component manufacturing in India. The Ministry of Electronics and IT (MeitY) is working on a Rs 40,000 crore plan to promote the manufacturing of electronic components. HMD recently launched the Fusion smartphone, which comes with attachable accessories for gaming and photography. The company is focused on the Rs 10,000 to Rs 15,000 smartphone segment. HMD says that due to the changing geopolitical scenario and focus on supply chain security, there will also be a focus on increasing exports to the US and Europe.