Holitech has built its operations in Greater Noida in Uttar Pradesh and was first invited by Xiaomi to investigate local manufacturing opportunities.

Holitech Technology invests $200 mn to propel component manufacturing for Xiaomi

Xiaomi, India’s most popular smartphone brand and Smart TV brand, has announced that Holitech Technology, a global component supplier, has inaugurated its first component manufacturing plant in India.

Holitech Technology has built its operations in Greater Noida in the state of Uttar Pradesh and was first invited by Xiaomi in Q1 2018 to investigate local manufacturing opportunities during its ‘Supplier Investment Summit’.

Holitech Technology would be investing nearly 200 million USD over three years in the country and 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 Q3, 2019 and it aims to generate 6000 jobs in three years.

The component manufacturing plant is spread across 4 factories and spans over 25000 square meters in the city of Greater Noida and will start mass production with a production capacity of over 300 million components per year. The plant also boasts of class 1000 and class 100 clean room, an industry first. A cleanroom is a contained space where provisions are made to reduce particulate contamination and control other environmental parameters such as temperature, humidity and pressure.

Holitech Technology in partnership with the government of Uttar Pradesh is also organizing a Supplier Investment Summit on 16th June 2019 in which over 15 of its suppliers are visiting the state of Uttar Pradesh. The state of Uttar Pradesh has extended several incentives for the establishment of the manufacturing plants as per UP Electronics Manufacturing Policy.

Dr. Dinesh Sharma, Deputy Chief Minister, Uttar Pradesh said, “Uttar 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 Uttar 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.”

Muralikrishnan B, Chief Operating Officer, Xiaomi India said, “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. Holitech is a  leading global component supplier and with their entry in India, we are positive that a new era of local electronics component manufacturing will begin fostering job creation and encourage the entry of other component manufacturers 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.”

Chenguisheng, 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 Uttar Pradesh with the manufacturing of camera modules, CTP, TFT, FPC and fingerprint module and propel the growth of component manufacturing 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.”

This comes shortly after Xiaomi India organized a first of its kind global Supplier Investment Summit in April 2018. The objective of this summit was to encourage its top 50 global suppliers to locally manufacture in India. With the purpose of exploring investment opportunities, the suppliers had visited potential locations for establishing manufacturing units in the state.

They had also paid a visit to the state of Uttar Pradesh where they were addressed by the Greater Noida authorities where they spent time discussing electronics manufacturing industry opportunities in the state of Uttar Pradesh. The suppliers had also visited the manufacturing facilities of Foxconn in Sri City, Andhra Pradesh in the state, dedicated towards manufacturing of smartphones for Xiaomi.

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