Nothing to Invest ₹860 Crores in India, Create 1,800 Jobs

London-based tech company Nothing, led by co-founder and CEO Carl Pei, is making big plans for India. During his visit to the country, Pei met with Ashwini Vaishnaw, Minister of Electronics and Information Technology, to discuss the company’s future.

After the meeting, Pei shared on X (formerly Twitter) that Nothing will invest about $100 million (around Rs 860 crores) in India over the next three years. This investment will also create more than 1,800 new jobs. As part of the plan, Nothing is setting up a joint manufacturing venture with Optiemus, a well-known Indian electronics manufacturer.

What About CMF by Nothing, Nothing’s Sub-Brand?

Nothing also confirmed changes for its budget-friendly sub-brand CMF by Nothing. The company said CMF will now function as an independent subsidiary in India, with its global operations, R&D, and manufacturing shifting to the country.

Carl Pei called CMF a “success in India” and said the brand aims to become the first truly global smartphone brand from India. Optiemus Executive Chairman Ashok Gupta added that this collaboration reflects the strength of the Indian tech ecosystem and supports the ‘Make in India’ and ‘Atmanirbhar Bharat’ vision.

What’s Next for Nothing?

Nothing has been growing rapidly, recently reaching a $1.3 billion valuation. The company also raised $200 million in a Series C funding round. Looking ahead, Nothing is preparing to enter the AI race next year, with plans to launch AI-powered devices designed to change how people use AI on their smartphones.

With this new investment and expansion, India is set to become a major hub for Nothing’s manufacturing, exports, and innovation.