Nothing, Optiemus to make phones in India, add 1,800 jobs
New Delhi: London-based technology company Nothing announced on Thursday that CMF, earlier a sub-brand, has entered into a joint venture with Optiemus Infracom, which will hold a 65 percent stake.
The partnership will base CMF’s operations, research, and manufacturing in India.
Both firms plan to invest $100 million over the next three years and create more than 1,800 jobs.
A new facility in Noida will serve as a global production and export hub for Nothing and CMF products. According to CMF, Nothing has already invested over $200 million in India.
Had the honor of meeting Minister Shri @AshwiniVaishnaw - the driving force behind Make in India and the country’s thriving tech ecosystem. There is no doubt; India will play a key role in shaping the future of the global smartphone industry.
— Carl Pei (@getpeid) September 25, 2025
We discussed our journey with… pic.twitter.com/M1Gyzet6Qg
The plant will have an initial capacity to produce 500,000 phones per month.
While Nothing currently has a 2 percent market share in India and sells around 7 million devices worldwide, the unit will also manufacture phones for other brands.
The project is independent of the government’s production-linked incentive scheme.
Carl Pei, chief executive officer of Nothing, said: “India will play a key role in shaping the future of the global smartphone industry. CMF has been well received by the market since we launched it two years ago. With our end-to-end capabilities, we are uniquely positioned to now build it into India’s first truly global smartphone brand. Our joint venture with Optiemus is a key milestone toward making that vision a reality.”
Optiemus contributes engineering and manufacturing expertise, strengthening India’s standing as a global electronics hub.
Himanshu Tandon has been appointed vice-president of CMF Business to oversee its India-led global operations.
Ashok Gupta, executive chairman of Optiemus, said: “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."
"This partnership goes beyond high-tech manufacturing — it will empower us to create export-ready products that will be designed in India, showcasing the innovation and talent of our people to the world in the coming years,” he added.
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