Smartphone maker Nothing has spun off its affordable sub-brand CMF into an independent subsidiary, making India its global base for operations, research and manufacturing, the company said on Thursday. Along with this move, it has also announced a USD 100 million joint venture with Indian electronics manufacturer Optiemus Infracom Ltd.

According to the official statement, this partnership is expected to create over 1,800 jobs in India over the next three years.

With this collaboration, India will not only serve as the headquarters for CMF's manufacturing, but will also play a central role in transforming the country into a global hub for smartphone production and exports.

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Nothing has already invested over USD 200 million in India – reflecting the

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