OPPO India invests USD 60 million under 'Vihaan' initiative to boost smartphone Industry – India TV News
OPPO India, today has announced the launch of the ‘Vihaan’ Project to empower SMEs and MSMEs to amplify their operations and in turn strengthen the local supply chain for a robust smartphone ecosystem in India. Under this program, OPPO India will be investing USD 60million in the next 5 years. OPPO India has already invested heavily to enhance the manufacturing prowess of the country which has made OPPO India a leader in ‘Make in India’ Smartphone shipments with 22% Y-o-Y growth in Q1 2022, as per the counterpoint research report.
Reiterating OPPO India’s commitment to India, Mr Vivek Vasishtha, Vice-President, Public Affairs, OPPO India said, “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. 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 USD 5 billion over the next five years. In tandem with the Government’s vision of an ‘Aatmanirbhar Bharat’, OPPO India will be strongly supporting local manufacturing & exports, SMEs and MSMEs, cutting-edge technologies, and skill development in the sector through ‘Vihaan’ program.”
OPPO India aims to partner with more local suppliers to strengthen the local supply chain for a robust smartphone ecosystem in India. OPPO India has collaborated with the Government and the industry in encouraging around 30 Tier-1 suppliers to set up operations in India. They have employed over tens of thousands of Indians locals contributing to the development of the electronics industry and enhancing India’s stature in the global value chains.
OPPO India has been instrumental in driving localisation efforts for the country since its inception and has developed a strong network of more than 1000 distributors. These distributors are an example of the SME and MSME in the country seeking for support to further enhance their sales capability and professional skills. Through these efforts, OPPO India will foster stronger relationships with the network, which will drive their growth locally and assist them in expanding their global footprints in line with OPPO India’s export business.
Supporting the national vision of India becoming the innovation capital of the world, OPPO India is making strategic investments in cutting-edge technologies. In the next 5 years, OPPO India 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.
Aligned with its brand mission of “Technology for Mankind, Kindness for the World”, OPPO India emphasizes on its responsibility as a global corporate citizen through Vihaan Initiative. OPPO India is focussing on making long-term investments in social initiatives in India towards environment protection, youth empowerment, digital inclusion, and health & wellbeing.
With an investment of INR 2400cr, OPPO India has set up a ‘super factory’ in Greater Noida which manufactures one smartphone every three seconds. The manufacturing marvel employs a strong task force of tens of thousands of members who leverage world-class equipment to build quality products. The R&D centre in Hyderabad, set up in 2018, is spearheading innovation and patent filing in 5G, camera, and power & performance through state-of-the-art technology focussed labs. The manufacturing and R&D facilities in India are its largest outside mainland China. OPPO India also donated 2000 oxygen concentrators to the Government of Uttar Pradesh, the Red Cross Society and other institutions, to aid in the fight against COVID19 and over 7000 OPPO bands to various states police departments and front-line workers.
Latest Technology News
Top News
Punjab Police arrests 5 members of Lawrence Bishnoi gang; illegal arms seized
Dia Mirza’s niece passes away; actress pens heartfelt note mourning her demise
LIVE WI vs IND, 2nd T20I, Score, Latest Updates: Match delayed, scheduled to start at 10 PM IST
Grooming routine that every man needs to follow in Monsoon
Who is Farmani Naaz, YouTuber facing flak for singing Shiv bhajan ‘Har Har Shambhu’?
5G bidding: Reliance Jio top bidder with over Rs 88,000 cr bid, Adani acquires 400 MHz for Rs 212 cr
OPPO India invests USD 60 million under ‘Vihaan’ initiative to boost smartphone Industry
Latest News
OPINION | The secrets behind Modi’s popularity
LIVE WI vs IND, 2nd T20I, Score, Latest Updates: Match delayed, scheduled to start at 10 PM IST
Dia Mirza’s niece passes away; actress pens heartfelt note mourning her demise
Commonwealth Games 2022 LIVE: India hockey team starts with bang, nets two goals in Q1
© 2009-2022 Independent News Service. All rights reserved.
How to cure headaches with yoga? Know pranayama and ayurvedic remedies from Swami Ramdev
Aaj Ka Rashifal, Daily Astrology, Zodiac Sign for Monday August 01, 2022
Super 100: Watch the latest news from India and around the world | August 01, 2022
Troubled by stomach problems? Know yoga, pranayama and ayurvedic treatment to avoid this from Swami
Aaj Ka Rashifal, Daily Astrology, Zodiac Sign for Friday July 31, 2022
Punjab Police arrests 5 members of Lawrence Bishnoi gang; illegal arms seized
Congress MPs walkout as FM Nirmala Sitharaman addresses Lok Sabha on rising prices
TMC MP bites raw brinjal in Parliament session | Know why
‘No charge for web check-in in domestic airlines,’ rules DGCA amid multiple complaints
Amrnath Yatra 2022: Another batch of over 800 devotees left for Buddha Amarnath shrine in Poonch
Pakistan: Man chops off policeman’s nose, ears, lips for having illicit relations with his wife
What is Exercise Pitch Black, how many nations are participating in 2022?
Pakistan: 50 robbers storm Pakistan Steel Mills premises; steal assets worth over PKR 10 billion
Death toll due to floods in Iran reaches 69
‘No home to go’, says Sri Lankan President Wickremesinghe amid threats from protestors
Dia Mirza’s niece passes away; actress pens heartfelt note mourning her demise
Aamir Khan reacts to ‘Laal Singh Chaddha’ Twitter trend, says ‘people feel I don’t like India’
Vijay Deverakonda meets Salman Khan, Chiranjeevi on Godfather set; see viral pic
Star Trek actress Nichelle Nichols dies at 89: William Shatner, Lynda Carter & others pay tribute
Jr NTR and his wife Pranathi spend some quality time together; RRR actor shares priceless pic
LIVE WI vs IND, 2nd T20I, Score, Latest Updates: Match delayed, scheduled to start at 10 PM IST
IND vs WI 2nd T20I: Match between India & West Indies delayed due to logistics issues, know details
Commonwealth Games 2022 LIVE: India hockey team starts with bang, nets two goals in Q1
IND vs WI, 2nd T20I Live Streaming: When and where to watch India vs West Indies on TV, online
Commonwealth Games 2022: India’s schedule for Day 4 at the multi-nation sporting event
OPPO India invests USD 60 million under ‘Vihaan’ initiative to boost smartphone Industry
Canon unveils EOS R10 in an experiential #FindYourStory event series
Noise announces Vaani Kapoor as the brand ambassador of Noise X-Fit 2 smartwatch
TikTok Music app set to challenge Spotify and Apple: Know-how?
Nothing Phone (1): What is the major issue with the display of Phone (1)
The Gray Man India premiere: Dhanush wears traditional dhoti, Russo Brothers do ‘namaste’
Liger trailer launch: Ananya Panday, Karan Johar & other stars leave for Hyderabad | PICS
Katrina Kaif, Vicky Kaushal hold hands upon return from Maldives, Sunny Kaushal-Sharvari join them
Sidharth Malhotra, Kiara Advani snapped at Mumbai airport; fans are loving the lovebirds together
Priyanka Chopra to Ranveer Singh, celebrities drop neon fashion inspirations | PHOTOS
Are monkeypox scars permanent? Tips to lighten or erase them completely
World Lung Cancer Day 2022: Know stages of lung cancer and at what stage can it possibly be cured
Monkeypox: 11 Facts sexually active people should know to stay protected
Chocolate Cyst: What is endometriotic cyst and its effects on fertility?
Can Vitamin D supplements reduce the risk of bone fractures? Here’s the truth
5G bidding: Reliance Jio top bidder with over Rs 88,000 cr bid, Adani acquires 400 MHz for Rs 212 cr
Sensex advances for 4th day, reclaims 58,000-mark as RIL, auto stocks shine
ICICI Bank raises lending rate by 15 bps
India gets new World Bank Country Director
GST collections rises 28 per cent to Rs 1.49 lakh crore in July
Who is Farmani Naaz, YouTuber facing flak for singing Shiv bhajan ‘Har Har Shambhu’?
Shark Tank India’s Ashneer Grover’s lookalike’s video from ‘kirtan’ goes viral | Watch
2 Years Of SidNaaz Live trends on Twitter as fans recall Shehnaaz Gill & Sidharth Shukla’s chemistry
6-year-old girl’s innocent complain to PM Modi about expensive pencil, rubber & Maggi goes viral
Commonwealth Games 2022: Mirabai Chanu’s mother dances with Indian flag after big win at CWG | Viral