Xiaomi, the Chinese technology giant, is planning to open a local assembly plant in Pakistan in the near future.This new assembly unit, which is expected to be active in three to four months, will boost the local smartphone manufacturing space while also creating job opportunities in the country.
Pakistan currently imports massive amounts of mobile phones to meet its local market demand of 40 million smartphone users.A local manufacturing unit of one of the leading smartphone brands will be a significant step forward in terms of saving foreign currency on smartphone imports.
Xiaomi, along with Oppo, Vivo, Tecno, and Realme, is one of the country’s leading smartphone and AIoT brands, with a large and growing customer base.The local assembly unit will assist Xiaomi in providing Pakistanis with more affordable and trustable technology products.
It’s important to note that Realme recently announced the opening of a local assembly plant in Lahore.The unit has already caused a significant price drop in some of the company’s products during the test run of the local assembly line in Lahore.
Xiaomi is known for its low-cost technology products, which are a major reason for the company’s growing popularity.The localization of a tech giant like Xiaomi is bound to attract foreign direct investment while also having a significant socioeconomic impact.