Carl Pei confirms CMF will become a standalone Indian company with local ownership
- CEO of Nothing Carl Pei, announced that CMF will operate as an independent Indian company with majority local ownership.
- The new venture will include a dedicated team & research & development based in India to enhance local innovation.
- Pei said, that despite being the second largest smartphone manufacturer, India lacks a global consumer electronics brand.
- This initiative aims to strengthen India's position in the global market & improve domestic manufacturing capabilities.
Source: thehindu.com
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