Business News›Small Biz
›SME›Listen closely: From Google smart speakers to Paytm soundboxes, these businesses are thriving in manufacturing
Listen closely: From Google smart speakers to Paytm soundboxes, these businesses are thriving in manufacturing
Synopsis
Making for others can be more lucrative than building a brand for themselves — this realisation has created a brigade of small contract manufacturers who are making India’s place prominent in the global electronics manufacturing services map.
“Paytm par 100 rupay prapt hue (Paytm has received Rs 100)” — you’d have come across QR code machines belting out such messages when you make an online payment to a vendor. These “soundboxes” are a boon to kirana storekeepers, as they do not have to pause their work to get payment confirmations.Noida-based firm Real Internet of Things Labz, which has been manufacturing these machines for Paytm since 2022, has sold over 2 crore soundboxes. RIoT
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
