Xiaomi component supplier Holitech to Make in Andhra, will invest $200 mn

Holitech's announcement comes close on the heels of global supplier investment summit organised by Xiaomi in India in April

Xiaomi | Photo: Wikimedia Commons

Chinese mobile phone company Xiaomi announced on Monday that Holitech Technology, its key component supplier, will start component manufacturing in India. 

Holitech has signed a MoU with the Andhra Pradesh government to set up a manufacturing facility at Tirupati for Xiaomi.

Holitech will invest nearly $200 million over three years and will be the first manufacturer in India to produce camera modules, thin film transistors (TFT), capacitive touch screen module (CTP), flexible printed circuits (FPC) and