Dixon Technologies, an Indian electronics contract manufacturer, has emerged as India’s largest electronics contract manufacturer and is buying a majority stake in Ismartu India. The company has been consistently achieving Production-Linked Incentive (PLI) targets and is leading in mobile phone contract manufacturing. Indian consumer electronics manufacturers are also expanding exports to developed markets. Additionally, Chinese smartphone companies like Oppo, Vivo, and Realme are partnering with Dixon to benefit from the PLI scheme for phone manufacturing.
Indian contract manufacturers, such as Dixon Technologies and Karbonn Group, have been able to nearly equal the cost of manufacturing in China. They have achieved this by learning from Chinese methods and investing in automation. This has attracted global brands, including Chinese-owned ones, to consider exports from Indian contract manufacturers.
