Nokia phone maker HMD shifting production hub from China to India, eyes global export boost

Finnish handset maker HMD Global, known for producing Nokia-branded phones, is relocating a significant portion of its manufacturing from China to India. The move aligns with its strategy to make India a global manufacturing hub and capitalise on shifting geopolitical dynamics, as per Moneycontrol report.

The company is urging its international suppliers to establish operations in India to support its growing export ambitions, as Moneycontrol report.