Holitech Technology plans to invest up to USD 1 billion in India

NEW DELHI: The Chinese component major Holitech Technology said it was keenly watching opportunities in Indian component segment and could invest up to USD 1 billion by 2017 for setting up a manufacturing base in India.

Finger print detection, Display, touch screen, camera and cover glasses are some of the products which could be manufactured by Holitech Technology for clients like Samsung, Huawei, Oppo, Vivo, Lenovo etc. The investment and manufacturing plan of Holitech Technology was shared with media persons by Bingshuan Chen, CEO of the company.

Other Chinese supply chain majors such as Dijing, AAC, MTK, Dongguan, Emdoor, and Abardeen are also proactively looking at opportunities here and scouting for Indian partners with the objective of setting up manufacturing bases in India.