Vivek vasishtha - Latest News Update, Information, Photos & Videos on Vivek vasishtha at Lokmat Times

New Delhi, July 29 Smartphone brand OPPO India on Friday launched a new initiative Vihaan to empower small-to-medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) to amplify their operations and, in turn, strengthen the local supply chain for a robust smartphone eco-system in the country.Under this programme, the company said it will invest $60 million in the next 5 years."The forward-looking, industry-friendly policies of the Indian Government have created an enabling environment which nurtures and promotes innovation, unleashing the electronics manufacturing industry," Vivek Vasishtha, Vice-President, Public Affairs, OPPO India, said in a statement."With a robust local supply chain getting established, the time is right for promoting exports of our quality 'Make in India' smartphones to identified markets. This would facilitate OPPO India in expanding the export capacity to $5 billion over the next five years," he added.OPPO India said it has already invested heavily to enhance the country's manufacturing prowess, which has made the company a leader in 'Make in India' smartphone shipments with 22 per cent year-on-year growth in the first quarter of 2022, as per a Counterpoint Research report."In tandem with the government's vision of an 'Aatmanirbhar Bharat', OPPO India will be strongly supporting local manufacturing and exports, SMEs and MSMEs, cutting-edge technologies, and skill development in the sector through the 'Vihaan' programme," Vasishtha said.OPPO India aims to partner with more local suppliers to strengthen the local supply chain for a robust smartphone ecosystem in India.The company has collaborated with the government and industry in encouraging around 30 Tier-1 suppliers to set up operations in India.They have employed tens of thousands of Indian locals contributing to developing the electronics industry and enhancing India's stature in the global value chains.In the next 5 years, the company said it will be focussing on initiating the development of next-gen technologies such as AI, 5G etc., to accelerate the product development process from India, empowering and mentoring technology start-ups end-to-end, and exploring collaborations with educational institutions to nurture the innovation culture.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Vivek VasishthaFOLLOW

Vivek vasishtha, Latest News

Technology :OPPO India joins Atal Innovation Mission to set up 1st PPP-model Atal Tinkering Lab

New Delhi, July 12 OPPO India on Wednesday announced the establishment of an Atal Tinkering Lab (ATL) in ... ...

Technology :OPPO India, MeitY's CSC Academy to train 10K women in cyber skills

New Delhi, Jan 24 OPPO India and the government's Common service Centre (CSC) Academy have announced they will ... ...

Technology :OPPO to invest $60 mn under 'Vihaan' initiative to boost smartphone industry in India

New Delhi, July 29 Smartphone brand OPPO India on Friday launched a new initiative Vihaan to ... ...