Xiaomi Agrees to Launch Smartphone Assembly Unit in Pakistan
Beijing: Xiaomi, the second-largest smartphone manufacturer in the world, plans to open an assembly facility in Pakistan within the next three to four months, generating jobs and enhancing smartphone accessibility throughout the nation.
China Economic Net (CEN) reported that Xiaomi surpassed Apple in Q2 2021 to become the second-largest smartphone vendor in the world, behind Samsung.
According to data from Canalys, its exports increased 83 percent year over year to reach a 17 percent global market share during the quarter.
If this rate of development keeps up, the China-based tech giant could soon surpass Samsung, as it did with Apple, and could take the top spot in the global smartphone market by the end of this year.
Several smartphone producers have already established their assembly facilities in Pakistan. Tecno, Infinix, Gfive, and Realme are some of these brands.
Both businesses pride themselves on offering inexpensive things. Establishing local mobile assembly units is anticipated to have a positive socioeconomic impact because Pakistan is a developing nation with a sizable, youthful population.
Because smartphones are produced locally, the company avoids paying hefty import duties, which have also increased by up to 240% as a result of the Annual Budget 2021–26.
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