12 months ago
CMF by Nothing to Establish Global Base in India
CMF, a sub-brand of Nothing, is setting up its global headquarters in India for research, manufacturing, and operations.
They're partnering with Optiemus Infracom to build products in India.
This partnership aims to create over 1,800 jobs in the next three years and invest over $100 million.
The goal is to make India a global production and export hub.
Nothing has already invested over $200 million in India, signaling its commitment to the region.
CMF, a sub-brand of Nothing, will become a global company with its base in India.
CMF is partnering with Optiemus Infracom for a joint venture.
The partnership will create over 1,800 jobs in India within three years.
India will serve as the headquarters for CMF’s R&D, manufacturing, and operations.
Nothing has already invested over $200 million in India.
- Who
- CMF by Nothing, Optiemus Infracom Limited
- What
- CMF establishing global headquarters and manufacturing in India through a joint venture.
- Where
- India
- When
- Recently announced
- Why
- To expand into the Indian market and leverage local manufacturing.
CMF's Expansion
Investment's Impact
Market Strategy
CMF's Expansion
CMF is expanding in the Indian market.
Investment's Impact
Investing in India to leverage local manufacturing and global production.
Key facts
- Company
- CMF by Nothing
- Partnership
- Optiemus Infracom Limited
- JV Investment
- Over $100 million
- JV Job Creation (3 years)
- Over 1,800
- HQ Location
- India
- Nothing's India Investment
- Over $200 million
Timeline
Nothing launched CMF, its growing sub-brand, potentially led by Himanshu Tandon.
Then, CMF chose India for global headquarters and manufacturing.
In response, it became independent with a $100M investment, partnering with Optiemus.
Quotes
Carl Pei
CEO of Nothing
“India will play a key role in shaping the future of the global smartphone industry.”
businesstoday.in
“CMF has been well-received by the market since we launched it two years ago.”
businesstoday.in
Ashok Gupta
Executive Chairman of Optiemus
“We are extremely excited about this partnership with Nothing; it will allow us to further strengthen our world-class manufacturing capabilities for the products of today and tomorrow.”
businesstoday.in
“Global brands choosing India to build is a testament to the strength of the Indian ecosystem and the vision of Make in India and Atmanirbhar Bharat.”
businesstoday.in
Sources
UK's Nothing to expand smartphone manufacturing in India through $100 million joint venture
Nothing’s CMF to become Indian brand; to set up $100 million JV with Optiemus
Nothing’s CMF to Be Established as Independent Subsidiary in India; Announces ₹887 Cr JV With Optiemus
Nothing spins off CMF as independent brand based in India, announces Optiemus joint venture
Nothing's CMF Becomes Independent Subsidiary, Makes India Global Hub in $100M Manufacturing JV with Optiemus
Nothing phone maker arm to set up global smartphone hub in India; Inks JV with with Optiemus Infracom - Industry News
Smartphone maker Nothing looks to India’s Gen Z for growth
Smartphone maker Nothing looks to India’s Gen Z for growth
Nothing to establish CMF as subsidiary headquartered in India; to invest over $100 million in JV
Carl Pei’s CMF to headquarter in India after $100-mn JV with Optiemus
Nothing's Carl Pei announces $100 mn manufacturing JV in India after talks with Ashwini Vaishnaw. All details here
Nothing’s CMF to become Indian brand
Nothing CEO Carl Pei Meets Ashwini Vaishnaw, Announces USD 100 Million Manufacturing JV In India
CMF to become India’s first global smartphone brand with $100 million Optiemus joint venture
