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Holitech technology, a global component supplier of Xiaomi, has setup a component manufacturing plant in Greater Noida, UP. The company would be investing nearly $200 million over three years in the country. During, this period the company will be manufacturing Compact Camera Modules (CCM), Capacitive Touch Screen module (CTP), Thin Film Transistor (TFT), Flexible Printed Circuits (FPC), and fingerprint modules locally. We might see the production begin by Q3 2019 and the company plans to provide employment to 6,000 people.
Read the press release below
Xiaomi 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 organising a Supplier Investment Summit with Holitech Technology component suppliers on 16th 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.
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