Vivo announces to establish first production base in Pakistan, invests $10 million
Aside from Vivo, several global smartphone companies have announced establishing their production bases in Pakistan in recent months.
Vivo, a China-based global technology company, has announced to build its first-ever production base in Pakistan.
The plant’s establishment will open the doors of Vivo’s extensive product line of smartphones and smartphone accessories to be produced locally.
The production plant will be established in the Industrial Estate of Faisalabad.
This initiative is Vivo’s sixth intelligent production base and is part of its “More Local, More Global” strategy to grow its global footprint.
Vivo has already invested $10 million for the plant’s establishment in the South Asian country.
It is pertinent to note that this initiative is in line with the “Made in Pakistan” initiative to contribute to the development of the local economy and the empowerment of the local workforce.
Aside from its newly inaugurated base in Pakistan, Vivo already has five established production bases in the region.
These bases are located in Chongqing (China), Greater Noida (India), Dhaka (Bangladesh), Tangerang (Indonesia), and Vivo’s headquarters in Dongguan (China).
According to Eric Kong, the Chief Executive Officer (CEO) of Vivo Pakistan, Pakistan is increasingly becoming a popular destination for mobile phone manufacturers.
Kong added that this initiative would enrich the local users’ lives with high-quality, homegrown technologies and empower the local workforce with more opportunities.
It is pertinent to note that several global smartphone companies have announced establishing their production bases in Pakistan in recent months.
A couple of months ago, Realme, a Chinese smartphone manufacturer, announced establishing its local assembly plant in Lahore.
Later in July, Xiaomi, a Chinese multinational electronics company, which recently dethroned Samsung to become the world’s biggest smartphone brand, announced establishing its local assembly unit in Pakistan in a few months.
Likewise, in July, Samsung, a South Korean multinational electronics giant, announced its plans to assemble smartphones in Pakistan in a joint venture with LMC (Lucky Motor Corporation) by the end of this year.
Samsung’s cellphone production facility will be established at LMC’s existing plant in Karachi’s Bin Qasim Industrial Park (BQIP).
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