Xiaomi tries to bring its component suppliers into India to gain investment

If all its suppliers set up base in India, this could potentially bring investment of Rs 150 bn, create 50,000 jobs, according to Xiaomi

China’s Xiaomi is trying to bring its global component suppliers in India. The smartphone firm, leading player in the local market since late 2017, hosted some 50 suppliers in Gurugram on Monday. It is also trying to create a bridge between the component makers, mostly from China, and representatives of the Uttar Pradesh and Andhra Pradesh governments.

Key management personnel from Shenzhen-based BYD Electronics and O-Film Technology, Huizhou-based Biel Crystal Manufactory, Yuyao City-based Ningbo Sunny Opotech and Hunan-based Lens Technology, among others, will be visiting proposed sites in the two states to set up manufacturing units. 

Chinese component makers, primarily into assembly