The Pakistan Telecommunication Authority (PTA) has issued Mobile Device Manufacturing (MDM) authorisation to Lucky Motor Corporation Limited to manufacture Samsung-branded phones in the country.
According to a press statement published by the PTA, the authorization was granted under the MDM Regulations 2021.
The company had sought for permission to build a mobile device manufacturing unit in Karachi, Pakistan, where it would produce Samsung brand mobile devices, according to the PTA.
This, according to the authority, is a “historic achievement” that “would further revolutionise the country’s flourishing mobile manufacturing ecosystem by ensuring the participation of key local and foreign firms in the market.”
The PTA has granted MDM authorizations to 25 foreign and domestic businesses for the development of mobile devices (2G/3G/4G) in the Philippines. “These companies’ mobile devices will not only be sold in the country, but will also be exported to other competitive markets in the region and beyond,” according to the PTA.
In a notice to the Pakistan Stock Exchange last month, Lucky Motor Corporation (LMC), a subsidiary of Lucky Cement Limited, said that it had entered into a deal with Samsung Gulf Electronics Co., FZE (Samsung) for the production of Samsung-branded mobile handsets in Pakistan.
The production facility for Samsung mobile devices would be located inside LMC’s current car production facility in Bin Qasim Industrial Park, Special Economic Zone, Port Qasim, Karachi, according to the announcement.
By the end of December 2021, the production plant should be completed.
Market speculation is that after the manufacturing plant begins distributing locally-made gadgets, Samsung-branded mobile phones would drop in price by 15-20 percent.
Source: www.brecorder.com
