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    Padget Electronic ties up with Nokia, targets revenue of Rs 4,000 crore

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    Padget Electronic ties up with Nokia, targets revenue of Rs 4,000 crore

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    Dixon Tech's wholly-owned subsidiary Padget Electronics, has entered into an agreement to manufacture smartphones for Nokia. To talk more about this, Atul Lall, MD of Dixon Technologies spoke to CNBC-TV18.

    Dixon Tech's wholly-owned subsidiary Padget Electronics, has entered into an agreement to manufacture smartphones for Nokia. To talk more about this, Atul Lall, MD of Dixon Technologies spoke to CNBC-TV18.
    "Nokia has been taken over by HMD and they have huge plans. I feel it is going to be a substantial part of the revenue in the forthcoming fiscal. We are one of the beneficiaries under the PLI scheme for mobiles of the Indian government. So, Nokia undoubtedly is good one for us and it is going to be at least 20-25 percent, if not more, of a mobile revenues in the forthcoming fiscal," Lall said.
    “We are targeting around Rs 4,000-4,500 crore of revenue in mobiles for 21-22," he added.
    On operating profit numbers, Lall said, “We are still working out on the cost structure, so to share the operating profit number at this stage is a bit of a challenge. But I think we will be able to share it in a couple of months when the cost structures are pretty well defined and we know what is going to happen. Nokia phone manufacturing to start with is going to be a domestic market but we are in discussion for global markets as well," he added.
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