Sony Indeed Planning To Manufacture Smartphones In India; Reports

Now that Sony might soon considering manufacturing smartphones in India. As Sony India’s Managing Director Kenichiro Hibi said the Japanese firm is pretty much serious about starting a manufacturing plant in the country. But hasn’t given any complete details regarding its future plans but has tipped that something is apparently clarified within very soon. The move however comes to comply with India’s recent concept of “Make in India” initiative, started by the Prime Minister of the country, Narendra Modi, which indeed encourages businesses to plant their manufacturing goods in India rather than importing them. Details in full can be found right here.

Although there are several companies which has shown interest in starting manufacturing facilities in India, including Foxconn, Samsung are the two already began manufacturing their gadgets such as Tizen-based Z1 in India, and now Sony may be joining them pretty soon.

As per a PTI report, Sony had closed its manufacturing facility in 2004 and now imports its products from China, Malaysia, Thailand and Japan. Interestingly, the company is aiming a 20% growth in sales in the current situation and also expects a good contribution to come directly from non-metro places.

Sony India Managing Director Kenichiro Hibi said when asked if the company is planning to set up a manufacturing plant in the country. However, he declined to share any information on time frame and investment in the new unit.

If we look at the turnover of Sony India in 2014-15 is Rs 10,000 crore and around 75% of its revenue came from Bravia range of TVs and Xperia range of mobile devices. Currently Sony India is in the fourth highest contributer in the global sales of Sony Corp.

Sony won’t be the only manufacture to be surprised of, but in January 2015 almost 10 smartphone makers have announced their plans to set up a manufacturing unit in India, which includes Celkon, Micromax, Karbonn, LG, Motorola, Lenovo, Asus, Microsoft And Xiaomi. And now Sony India MD says it would definitely happen within the next two years.

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