Chinese technology company invests $10 Million in Pak industrial estate

Chinese technology company Vivo Announced its First Production Base in Pakistan, investing $10 million to set up a domestic manufacturing plant. The plant will contribute to the development of the local economy and empowerment of the local workforce.

The Global Technology company, said that it has started producing an expansive catalog of products locally at its first production base set up in the Industrial Estate of Faisalabad, Pakistan. It will be in alignment with the “Made in Pakistan” initiative.

“Pakistan is becoming an increasingly favorable destination for local manufacturing hubs,” said Eric Kong, CEO of Vivo Pakistan. “The decision to set up this local manufacturing plant in Pakistan is not just our approach to enrich users’ lives with high-quality, homegrown technologies but also to empower the local workforce with more opportunities.”

As one of the leading brands in the region, this marks Vivo’s sixth such intelligent production base as it strengthens its footprint across the globe in line with the “More Local, More Global” strategy. Since 2014, Vivo has been readily establishing its global R&D and manufacturing network.

Pakistan currently has a local demand for 3.3 million mobile phones monthly. The new facility, spread over 4 acres, has a production capacity of 500,000 smartphone units per month.

Aside from the newly inaugurated production base in Pakistan, Vivo also has already established five such locations in Dongguan, Chongqing, India (Greater Noida), Bangladesh (Dhaka), and Indonesia (Tangerang), combining for a collective manufacturing capacity of hundreds of millions of cutting-edge devices every year.

This steady growth in production capability has become essential in safeguarding the global supply of Vivo products and satisfying international user demands.

With 8 assembly lines, the facility is already operational in Faisalabad and has produced the first batch of ‘Made-in-Pakistan’ mobile phones as of February 1, 2021.

Source: China Economic Net