HTC con­firms it’s on the look­out for man­u­fac­tur­ing part­ner op­tions in In­dia

The China Post - - LOCAL -

Tai­wanese smart­phone maker HTC Corp. ( ) con­firmed on Thurs­day it is look­ing for two con­tract man­u­fac­tur­ers in In­dia to help the com­pany re­duce costs and tap into the world’s third­largest smart­phone mar­ket.

The pend­ing plan to team up with mul­ti­ple elec­tronic man­u­fac­tur­ing ser­vices (EMS) providers in In­dia is aimed at di­ver­si­fy­ing the sup­ply risks given that HTC phones are com­pli­cated to as­sem­ble, said Chang Chia-lin, chief fi­nan­cial of­fi­cer and pres­i­dent of global sales at HTC, at a press brief­ing af­ter the com­pany’s con­fer­ence call with in­vestors.

The new part­ners are ex­pected to be fi­nal­ized as soon as the sec­ond half of this year, he said, adding that HTC did not dis­cuss the plan with Tai­wan’s Hon Hai Pre­ci­sion In­dus­try Co. ( ) but would not rule out such a pos­si­bil­ity of co­op­er­a­tion.

The ex­ec­u­tive noted that HTC’s sec­ond-quar­ter sales vol­ume in In­dia had dou­bled from a year ear­lier, with its De­sire 526 midtier phone gain­ing pop­u­lar­ity there.

In late June, In­dian tele­com news site ET Tele­com re­ported that HTC had signed an agree­ment with con­tract man­u­fac­turer Global De­vice Net­work to pro­duce en­try-level and mid-range smart­phones in In­dia.

The HTC smart­phones made in In­dia will be from the De­sire se­ries, priced be­tween 10,000 In­dian ru­pees ( US$ 157) and 25,000 In­dian ru­pees, the re­port said.

HTC did not con­firm the re­port at the time, say­ing only that it would con­sider var­i­ous op­tions to bring its prod­ucts to mar­ket.

Chang’s re­marks came a day af­ter Hon Hai, the world’s largest con­tract elec­tron­ics maker, an­nounced a 10-year in­vest­ment plan in In­dia.

In a news con­fer­ence held dur­ing his visit to New Delhi, Terry Gou ( ), chair­man of Hon Hai, which is also known as Fox­conn Tech­nol­ogy Group ( ) out­side Tai­wan, said that fu­ture in­vest­ments in the South Asian coun­try will not be lim­ited to prod­uct assem­bly.

Gou said he has been en­cour­aged by In­dian Prime Min­is­ter Naren­dra Modi’s “Make in In­dia” ini­tia­tive, which has been pro­moted since Septem­ber 2014 to at­tract busi­nesses from around the world to make the coun­try a man­u­fac­tur­ing hub.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.