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. 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 ...
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