Xiaomi’s Component Supplier Holitech Technology Opens its First Plant in India
Last week, China-based Holitech Technology opened its first component manufacturing plant in Noida, India. Holitech Technology is also said to be the key component supplier to Xiaomi. The manufacturing plant is spread across 25,000 square meters and the company will be investing USD 200 million over the next three years in the country. Holitech Technology will be manufacturing compact camera modules (CCM), capacitive touch screen module (CTP), thin film transistor (TFT), flexible printed circuits (FPC) and fingerprint module locally.
The production at this new plant will begin within the Q3 of this year and is mentioned to generate 6,000 jobs in three years. Xiaomi says it invited the Holitech Technology during its ‘Supplier Investment Summit’ held last year to investigate local manufacturing opportunities. Interestingly, the company signed MoU with the Government of Andhra Pradesh to set up a production facility in Sri City, Tirupati. During that time, the company mentioned to supply mobile phone components to Xiaomi. Now, there is no mention of the company’s plant in Andhra Pradesh.
According to Muralikrishnan B, Chief Operating Officer of Xiaomi India, “Xiaomi has witnessed significant growth in the country and we are positive that Holitech’s plans for India will herald a new stage of evolution for the electronics manufacturing industry in India. As a brand dedicated to the cause of Make in India, we are proud to be leading this initiative from the forefront and hope to reinforce our commitment to delivering products with best specs, highest quality and honest pricing in India.”
Xiaomi is already manufacturing its smartphones and smart TVs in India. Instead of importing the components required for its products, the has been from a long time to source the components from the manufacturing plants based out of India. We can expect more Chinese mobile phone component manufacturers to follow Holitech Technology’s route to set up their own manufacturing plants in the country. Along with Xiaomi, several smartphone brands are now manufacturing their devices in India. Stay tuned on Phone Radar for more details!