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BENGALURU, May 31 (Reuters) - Contract manufacturer Dixon Technologies (India) Ltd (DIXO.NS) on Wednesday said it is partnering with Xiaomi Corp's (1810.HK) Indian arm to make and export phones for the Chinese firm. The news, which boosted Dixon's shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus. India has been encouraging global companies to invest more in local manufacturing as a part of its efforts to become a powerhouse in the global electronics supply chain. Earlier in March, Xiaomi India President Muralikrishnan B. told Reuters that the company will open more stores beyond its current network of 20,000 retail partners and boost local procurement of mobile phone parts, in an effort to reduce costs. Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
Persons: Xiaomi Corp's, Muralikrishnan, Navamya Ganesh, Savio D'Souza, Sonia Cheema Organizations: Dixon Technologies, Optiemus, Reuters, Thomson Locations: BENGALURU, India, HK, Bengaluru
Xiaomi to make wireless audio products in India
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI/BENGALURU, May 29 (Reuters) - Xiaomi Corp's (1810.HK) Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to further localise its operations, the company said on Monday. The push comes as the manufacturer of the Redmi brand of smartphones recently lost out to South Korean rival Samsung (005930.KS) as India's top smartphones company. Xiaomi, which locally manufactures most of the smartphones and TVs it sells in India, did not say when it will start making the audio products. It sells speakers, ear-buds, wired and wireless headphones in India. Reporting by Aditya Kalra in New Delhi, writing by Hritam Mukherjee in BengaluruOur Standards: The Thomson Reuters Trust Principles.
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