Carl Pei Sees India Building Its Next Global Tech Brand

Carl Pei thinks India can do more than manufacture smartphones for other companies.

He says India could create its own famous technology brands that sell products around the world.

To do that, companies need to design products, develop software and invent new technologies in India.

The Indian government is supporting this goal with manufacturing and electronics programs.

Pei points to Japan, South Korea and China as countries that followed a similar path.

His company, Nothing, plans to make its CMF brand independent and base it in India.

CMF will work on operations, research and development, and manufacturing there.

Nothing and Optiemus also plan to invest more than $100 million and create over 1,800 jobs.

Pei believes stronger Indian brands could encourage local suppliers to make better components.