Xiaomi today announced that Holitech Technology which is its key component supplier will start smartphone component manufacturing in India. Holitech has signed an MOU with the state of Andhra Pradesh and will start local manufacturing in the city of Tirupati for Xiaomi.
Holitech Technology said that it would invest nearly US$200 million over the next three years in Andhra Pradesh and would be the first manufacturer in India who will be manufacturing ‘Compact Camera Modules’ (CCM), Thin Film Transistor (TFT), Capacitive Touch Screen module (CTP), Flexible Printed Circuits (FPC), and fingerprint sensor locally. The local manufacturing is likely to start by Q1 2019. The company is aiming to generate 6000 jobs in three years.
#MakeInIndia. A historic day for @XiaomiIndia!🤩
We & our partner Holitech have signed an MOU with AP Govt to start local manufacturing of 5 components: Camera Modules, TFT Screen, Touch Screen, Flexible Printed Circuits & Fingerprint Sensors.#ProudIndian #India #Xiaomi (1/4) pic.twitter.com/DTsVzKU0A7
— Manu Kumar Jain (@manukumarjain) August 6, 2018
The component manufacturing plant would be spread across 75 acres of land in Tirupati and the mass production will start with the production capacity of nearly 50 million each component per year.
Commenting on the same, Nara Lokesh, Honorable Minister of Information Technology said:
Andhra Pradesh is one of the youngest pioneering states of India. The state has a young entrepreneurial spirit and poses an attractive destination for similar minded companies. Our state of the art infrastructural offerings make Andhra Pradesh an exciting investment opportunity and it is heartening to see Holitech Technology come to the state and initiate a big revolution in the market for local manufacturing.
Manu Jain, Vice President, Xiaomi and Managing Director, Xiaomi India said:
Xiaomi has witnessed significant growth in the country and we are positive that Holitech’s plans for India will set a new motion in place for the electronics manufacturing industry in India. Holitech is an important global component supplier of Xiaomi and with their entry in India, we are positive that a new era of local manufacturing will begin with several job creations and other component manufacturers also coming in. As a brand dedicated to the cause of Make in India, we are proud to be leading this initiative from the front for the entire nation and hope everyone can make best specs, highest quality products accessible to the country at honest pricing.
Flame Chen, Co-Founder, and CEO, Holitech Technology said:
The phenomenal growth of Xiaomi along with their initiatives to promote local manufacturing has encouraged us to explore component manufacturing for Xiaomi in India. We are pleased to bring several industry firsts to the state of Andhra Pradesh with the manufacturing of camera modules, TFT, CTP, FPC and fingerprint sensors and high-quality clean room construction and take propel the growth of component manufacturers in India. We hope to further boost this initiative by setting an example for other component manufacturers, and being a part of Xiaomi’s growth in India.