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Xiaomi to start manufacturing phones in Pakistan

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New Delhi, Nov 2 (IANS) Chinese smartphones and electronics giant, Xiaomi plans to manufacture phones in Pakistan, its local partner, Air Link Communication Limited, revealed in a material disclosure statement filed in the Pakistan Stock Exchange, Geo News reported.

“Xiaomi, the global consumer electronics & smartphone giant, has joined hands with Select Technologies (Pvt) Limited, a wholly-owned subsidiary of Air Link Communication Limited, as its manufacturing partner for Xiaomi mobile phones in Pakistan,” reads the statement.

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Last month, Air Link had announced that it will incorporate a wholly-owned subsidiary “Select Technologies (Pvt) Limited”.

“The primary objective of this wholly-owned subsidiary would be to take on additional mobile device manufacturing of certain selected brand(s),” Air Link had stated.

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Air Link said that it is initially targeting the production of an estimated 2.5-3 million handsets annually, which “will have a material incremental impact on the earnings per share of the company other than the normal course of business”.

The manufacturing of these smartphones will approximately contribute $450 million annually to revenue, the company projects.

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“The production facility will be located adjacent to Air Link’s existing state-of-the-art mobile manufacturing facility at the Quaid-e-Azam Industrial Estate, Kot Lakhpat Lahore,” read the statement.

The production facility is expected to be operational within January 2022.

–IANS

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