Wednesday, May 18, 2022
Tech ObserverNewsEnterprise ITHolitech to invest $200 million in Greater Noida manufacturing plant over 3 years

Holitech to invest $200 million in Greater Noida manufacturing plant over 3 years

Global component supplier firm has launched its first component manufacturing plant in India. The plant in Greater Noida, Uttar Pradesh will get an investment of nearly $200 million and generate 6000 jobs over three years.

The company executive said that the new plant will be manufacturing Compact Camera Modules (CCM), Capacitive Touch Screen module (CTP), Thin Film Transistor (TFT), Flexible Printed Circuits (FPC), and fingerprint module.

The production is likely to begin in Q3 of 2019. The company informed that the manufacturing plant is spread across 4 factories and spans over 25000 square meters and will start mass production with a production capacity of over 300 million components per year.

“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,” stated , Deputy Chief Minister, Uttar Pradesh.

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 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 among others.

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