On Monday, March 9, 2026, documents filed with Propstack revealed that Bhagwati Products Limited, a prominent Indian Electronics Manufacturing Services (EMS) provider, has leased 430,400 square feet of manufacturing space from Oppo India in Noida.
This strategic expansion occurs at a critical juncture for the Indian smartphone ecosystem, as Chinese OEMs face increasing regulatory pressure to “Indianize” their supply chains through local partnerships.
The Lease Details: Noida Sector Ecotech 7
The agreement effectively transforms a portion of Oppo’s massive manufacturing hub into a multi-brand production facility managed by Bhagwati Products.
- Location: 1st, 2nd, and 3rd floors of Building F4 within Oppo’s mobile manufacturing unit.
- Financials: Bhagwati will pay a monthly rent of ₹1.04 crore.
- Tenure: A 58-month (approx. five-year) lease with a 5% rent escalation scheduled after the first 24 months.
- Operational Context: Bhagwati Products operates in a joint venture with Chinese manufacturing giant Huaqin, enabling them to manufacture for top-tier brands like Vivo and Oppo simultaneously.
Strategic Rationale: The “Indian Partner” Mandate
While Oppo remains one of the largest smartphone producers in India by volume, it has been one of the last major Chinese firms to formalize a domestic manufacturing tie-up.
- Supply Chain Decoupling: By leasing space to an Indian EMS partner (Bhagwati), Oppo can align with government preferences for domestic value addition and localized management.
- Asset Light Strategy: The deal allows Oppo to monetize underutilized space in its massive factory while Bhagwati handles the scaling of production lines.
- Cross-Brand Synergy: Bhagwati’s role as a neutral manufacturer allows the Noida facility to potentially churn out devices for multiple brands under one roof, optimizing the local labor force and logistics.
Context: The Noida/Gurugram Commercial Surge
This deal highlights a broader trend in the Delhi-NCR region, where “Tier-1” cities are seeing a massive absorption of both industrial and premium office space by Global Capacity Centres (GCCs) and tech majors.
| Company | Space Leased | Location | Purpose |
| Bhagwati Products | 430,400 sq. ft. | Ecotech 7, Noida | Smartphone Manufacturing |
| Zomato | 270,000 sq. ft. | Intellion Park, Gurugram | Food Services Operations |
| IBM | 230,000 sq. ft. | Intellion Park, Gurugram | Tech/Enterprise Services |
| Ciena | 135,000 sq. ft. | Intellion Park, Gurugram | Networking & Software |
| MetLife (GCC) | 75,000 sq. ft. | Oxygen Business Park, Noida | Global Capacity Centre |