KARACHI: Xiaomi, a global consumer electronics and smartphone giant, has decided to manufacture mobile phones in Pakistan. In this connection, Xiaomi has joined hands with Select Technologies (Pvt) Limited (SELECT), a wholly-owned subsidiary of Air Link Communication Limited (AIRLINK), as its manufacturing partner for Xiaomi mobile phones in Pakistan.
“We are targeting a production of initially around 2.5 – 3 million handsets annually subject to smooth supply chain which is expected to add approximately $450 million annually in top line revenue numbers and will have a material incremental impact on the EPS [earnings per share] of the company other than the normal course of business,” said a statement issued by Air Link Communication Limited on Monday.
According to the company, the production facility will be located adjacent to the AIRLINK’s existing state of the art mobile manufacturing facility at Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
The production facility will facility is anticipated to be operational within the month of January 2022.
“… SELECT will be the manufacturing partner whereas AIRLINK will continue to be one of the largest distributors of Xiaomi phones in Pakistan,” the company added.
Courtesy the manufacturing of Xiaomi phones by SELECT, AIRLINK expects to substantially increase its distribution and retail business of Xiaomi phones in Pakistan.