New Delhi, September 20
Amid India’s escalating crackdown on Chinese companies, China-based smartphone brands are now planning to set up manufacturing plants in countries like Egypt, Indonesia, Bangladesh, and Nigeria, according to a Global Times report.
The report, citing a Chinese executive based in India, claimed that companies will evaluate bilateral ties, market potential, preferential policies and labour costs to set up manufacturing plants elsewhere.
OPPO is going to set up a $20 million mobile phone plant in Egypt.
“OPPO’s memorandum of understanding with the Egyptian government to set up a $20 million smartphone facility may be a pacesetter,” the Chinese executive told Global Times.