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Mukesh Ambani's Reliance Jio in talks with US handset company Flex for smartphone production

Staff reporter, New Delhi
15/12/2018   0 Comments

Reliance Jio Infocomm is negotiating with the US contract manufacturer Flex to create around 100 million mobile phone handsets, because of using Mukesh Ambani-owned telco feature phones to sign a majority of those users and try to speed up their market share. Still working. "Live is in advanced discussions for a big order and has caused a stir in the market, even Flex has asked the government to negotiate some tax benefits with SEZ, where its factory is located," One The person told ET to the person familiar with the matter.

Both Flex and Geo did not respond to ET's e-mailed queries. Another person said that Flex currently has the capacity to make around 4-5 million devices in its factory in the Special Economic Zone (SEZ) near Chennai. "However, the company wants to be able to sell units produced in the domestic tariff area (DTA), without attracting the duties, at the same rates as the FTA."

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