Dixon's Noida Facility to manufacture Xiaomi Smartphones
Friday, 01 December 2023, 15:21 IST
Dixon Technologies is an electronic manufacturing services company that produces Xiaomi smartphones in India at its Noida facility. The new facility, which was set up by Dixon's wholly-owned subsidiary Padet Electronics, has been inaugurated by Union IT Minister Ashwini Vaishnaw. Padet Electronics has invested Rs 256 crore in this facility in India.
According to Minister Ashwini Vaishnaw, this Dixon facility will create 5,000 jobs. He stated, "We have seen complex manufacturing at the latest facility. It is a fitting answer to those who claim that India is only doing assembly". He emphasised that because of the Production-Linked Incentive (PLI) scheme India will witness incremental job creation in the smartphone industry.
The minister noted India's growing status as an export hub, with the country having already witnessed $12 billion in exports. He also shared that there will be a substantial increase in domestic value addition, with some products reaching as high as 60 percent. It was disclosed that the Dixon factory spans over 2.7 lakh square feet and has a production capacity of 2.5 crore mobile phones.
"It is a momentous step towards our commitment to boosting the local smartphone manufacturing ecosystem in India. We believe that this association will leverage our excellence and superior execution and Xiaomi's expertise and leadership in the Indian business ecosystem", said Dixon Technologies Executive Chairman Sunil Vachani.
Dixon Technologies is expecting to close the current fiscal year with a revenue of approximately Rs 19,000 crore. Atul Lall, the Vice Chairman and Managing Director of Dixon Technologies has disclosed that the company intends to double its headcount in the next two years. As per an official statement by Lall, "In a short period of just 5–6 years, we have grown from Rs 1,500 crore, and this year, we should close at around Rs 19,000 crore. We have grown from 1,700 people to 27,000 people, and let me assure you that this is going to double in 2 years".
According to Minister Ashwini Vaishnaw, this Dixon facility will create 5,000 jobs. He stated, "We have seen complex manufacturing at the latest facility. It is a fitting answer to those who claim that India is only doing assembly". He emphasised that because of the Production-Linked Incentive (PLI) scheme India will witness incremental job creation in the smartphone industry.
The minister noted India's growing status as an export hub, with the country having already witnessed $12 billion in exports. He also shared that there will be a substantial increase in domestic value addition, with some products reaching as high as 60 percent. It was disclosed that the Dixon factory spans over 2.7 lakh square feet and has a production capacity of 2.5 crore mobile phones.
"It is a momentous step towards our commitment to boosting the local smartphone manufacturing ecosystem in India. We believe that this association will leverage our excellence and superior execution and Xiaomi's expertise and leadership in the Indian business ecosystem", said Dixon Technologies Executive Chairman Sunil Vachani.
Dixon Technologies is expecting to close the current fiscal year with a revenue of approximately Rs 19,000 crore. Atul Lall, the Vice Chairman and Managing Director of Dixon Technologies has disclosed that the company intends to double its headcount in the next two years. As per an official statement by Lall, "In a short period of just 5–6 years, we have grown from Rs 1,500 crore, and this year, we should close at around Rs 19,000 crore. We have grown from 1,700 people to 27,000 people, and let me assure you that this is going to double in 2 years".