On Wednesday, The Federal Minister for Industries & Production Hammad Azhar announced on Twitter that the Chinese smartphone company Vivo has decided to establish a manufacturing plant in Pakistan.
VIVO is one of the world’s most popular smartphone companies, it currently has 200,000,000 users around the world and is committed to provide premium quality smartphones at a cheap price.
The minister informed that the Chinese company has already purchased land for setting up the plant.
“Intl Smart Phone Brand VIVO has decided to establish a smartphone manufacturing facility in Pak. Land purchased. Deployment of DIRBS eliminated smuggled phones. It was followed up by Mobile Manufacturing Policy. Revenues already doubled & now local manufacturing taking off,” said the tweet.
Intl Smart Phone Brand VIVO has decided to establish a smart phone manufacturing facility in Pak. Land purchased.— Hammad Azhar (@Hammad_Azhar) December 2, 2020
Deployment of DIRBS eliminated smuggled phones. It was followed up by Mobile Manufacturing Policy. Revenues already doubled & now local manufacturing taking off. pic.twitter.com/VEL7gYgI2T
The plant will be set up in Faisalabad, under an agreement for setting up a smartphone manufacturing plant in M-3 Industrial Estate Faisalabad which was signed last week,in a ceremony chaired by Punjab Minister for Industries Mian Aslam Iqbal .
Vivo Vice President Duam Tai Ping and Director Manufacturing Zhang Bin signed the agreement at the Faisalabad Industrial Estate Development & Management Company (FIEDMC) office with an initial investment of $10 million.
Establishing a local manufacturing plant will not only provide phones at low prices to consumers, but also help in eliminating the problem of smuggled devices.