Xiaomi 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 organising a Supplier Investment Summit with Holitech Technology component suppliers on 16 June 2019 where 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.”
Mr 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.”
Holitech was founded in 2004 and is a leading electronic component manufacturer. The company majorly produces the following products: Liquid Crystal Displays, Liquid Crystal Display Modules, Touch Screens, Fingerprint recognition, Smart Wearable Products, intelligent Vehicle Products, Intelligent Micro Controller, Intelligent TLI/TFT Modules, Embedded Display Modules and so on.