Holitech Technology, a global component supplier, has inaugurated its first component manufacturing plant in Greater Noida, India on Saturday. The plant will manufacture electronics components for Chinese smartphone maker Xiaomi locally.
The company was first invited by Xiaomi to investigate local manufacturing opportunities in Q1 2018 during its ‘Supplier Investment Summit’. It will invest nearly $200 million (approx Rs. 1,397 crores) in the country over a timeline of three years.
Holitech would be manufacturing Capacitive Touch Screen modules (CTP), Thin Film Transistors (TFT), Flexible Printed Circuits (FPC), Compact Camera modules (CCM), and fingerprint modules locally.
Spread across four factories and spans over 25,000 square meters, the component manufacturing plant is now ready and operational and is set to commence production in Q3, 2019. According to the company, the manufacturing plant aims to generate 6,000 jobs in three years.
The plant will start mass production with a production capacity of over 300 million components per year. It also boasts class 100 (ISO 5) and class 1000 (ISO 6) clean rooms. A clean room is a controlled environment that has a low level of pollutants such as dust, airborne microbes, etc. that can adversely affect the manufacturing process. It is a contained space where provisions are made to reduce particulate contamination and control other environmental parameters such as temperature, humidity, and pressure.
“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,” said Muralikrishnan B, Chief Operating Officer, Xiaomi India.
In partnership with Uttar Pradesh government, Holitech Technology is organizing Supplier Investment Summit with the company’s component suppliers on Sunday.
“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 hope to further boost this initiative by setting an example for other component manufacturers and being a part of Xiaomi’s growth in India,” Chenguisheng, CEO, Holitech Technology, said in a statement.
