Lahore (NUT-DESK)
Select Technologies (Pvt) Limited, a subsidiary of Air Link Communication Limited, is partnering with Chinese smartphone firm Xiaomi to manufacture handsets in Pakistan.
“Xiaomi, the global consumer electronics and smart phone giant, has joined hands with Select Technologies (Pvt) Limited, a wholly owned subsidiary of Air Link Communication Limited (AIRLINK) as its manufacturing partner for Xiaomi mobile phones in Pakistan,” the company said in a bourse filing on Monday.
The company said it was targeting a production of initially around 2.5 to 3 million handsets annually ‘subject to smooth supply chain’. The company expects this partnership to add approximately $450 million annually in top line revenue numbers. “[It] will have a material incremental impact on the EPS of the company other than the normal course of business,” the company said.
The production facility will be located adjacent to the Air Link’s existing state of the art mobile manufacturing facility at Quaid-e-Azam Industrial Estate, Kot Lakhpat Lahore. The production facility is anticipated to be operational within the month of January 2022.
The government had also introduced a mobile manufacturing policy to encourage and attract manufacturers to establish their units in Pakistan. Till now, 26 companies have been issued MDM Authorisation enabling them to manufacture mobile devices in Pakistan, said the Pakistan Telecommunication Authority. The companies include Samsung, Nokia, Oppo, TECNO, Infinix, Vgotel, Q-mobile among others.
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