Neighbourhood Technology Desk/Avi Arya: HMD Global which sells the iconic Nokia brand of phones is working hard towards manufacturing its own components in the country, a top company executive has emphasized. This company, which has sold 70 million Nokia devices globally, has grown its business nearly five times in the past eight months in India.
With an aim to boost domestic manufacturing, the government has imposed a 10% duty on import of key components such as camera module and printed circuit board assembly. The company said it will also work with Foxconn to set up surface-mount technology lines. Surface-mount technology (SMT) is a method for producing electronic circuits in which the components are mounted or placed directly on to the surface of printed circuit boards (PCB).