Smartphone Upstart Xiaomi Brings Partner to India to Curry Local Favor
A top supplier to Xiaomi Corp. will set up a major new shop in India, as the fast-growing smartphone-maker looks to bolster its place as the top brand in the world’s second-largest market.
Holitech Technology Co. Ltd. will invest up to $200 million over the next three years on its complex that will become one of India’s first to manufacture compact camera modules, thin film transistors, capacitive touch screen modules, flexible printed circuits and fingerprint sensors, according to an announcement on Xiaomi’s blog. Production will start early next year at a massive complex that will eventually cover 75 acres in the southeastern Indian city of Tirupati.
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