Xiaomi Supplier Holitech Technology Opens First Plant in India

HIGHLIGHTS
  • Holitech Technology will invest nearly $200 million in India
  • Xiaomi's component manufacturing plant is spread across 25,000 sq. metres
  • It has the capacity to produce over 300 million components per year
  • Xiaomi supplier Holitech Technology on Saturday said it has inaugurated its first component manufacturing plant in Greater Noida and will invest nearly $200 million (roughly Rs. 1,397 crores) over three years in the country.
    Holitech Technology would be manufacturing compact camera modules (CCM), capacitive touch screen module (CTP), thin film transistor (TFT), flexible printed circuits (FPC) and fingerprint module locally.
    The local manufacturing plant is ready and will be in production within the third quarter of this year and aims to generate 6,000 jobs in three years, Xiaomi said. 
  • The plant also boasts of class 1000 and class 100 clean room. A clean room is a contained space where provisions are made to reduce particulate contamination and control other environmental parameters such as temperature, humidity and pressure.
    "The phenomenal growth of Xiaomi along with their initiatives to promote local manufacturing has encouraged us to explore component manufacturing for Xiaomi in India," said Chenguisheng, CEO, Holitech Technology.
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