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HMD moving global production to India

HMD, the maker of Nokia-branded phones, is ramping up its investments in India by deepening its manufacturing capabilities and hiring more employees.

It is also looking to build research and development (R&D) capabilities in India to support its new strategy, which will see India-first device launches.

Alain Lejeune, chief operating officer at HMD said that the company is building India as a global platform for innovation. He also revealed that HMD is not giving up on the Nokia brand and will continue to use it for feature phones while smartphones will be launched under its own brand.

“I can’t disclose the number (amount to be invested) , but I can tell you how we can rebalance our resources: India will soon be our top manpower country, and we’re bringing more people into India,” said Lejeune. MoneyControl

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