Xiaomi a famous mobile manufacturing brand is going to inaugurate its first ever mobile manufacturing plant in Pakistan. The manufacturing plant will have capacity to generate a selling volume of $550 million per year. Also this plant will be very fruit for Pakistan as it is going to generate a lot of career opportunities in the country.
Xiaomi has become one the leading manufacturer and seller of smartphones in the world. It will start smart phone production in conjunction with Air Link’s Select Technologies (Pvt) Limited (as a subsidiary). The manufacturing of smartphones will take place at Kot Lakhpat’s Quaid-e-Azam Industrial Estate, Lahore.
The Chinese behemoth is aiming to generate sales of $550 million dollars in every year with assistance of a local partnership in Pakistan. The company issued a statement regarding Pakistan Stock Exchange “This production facility is a step forward in the direction of PM’s vision of ‘Make in Pakistan’ and will have a huge impact on Pakistan’s economy resulting in export of locally produced Xiaomi mobile phones.”
Now Xiaomi has become technology giant which ranks 334 on Fortune Global 500 list. In previous year Xiaomi steeled the record of second largest smartphone manufacturer from Apple. And it has become number one manufacturer company in Europe and many more regions of the world including India. In 2020 this company exported near about 190 million smartphones in all over the world.
Dr. Arif Alvi -President of Pakistan will attend the inauguration ceremony of Xiaomi mobile manufacturing plant in Lahore on 4th March.
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