British media said that China Xiaomi Group said on August 6 that its component supplier Helitai will invest about 200 million US dollars in India within three years. India is the world's second largest smartphone market.
According to a Reuters report on August 6, Xiaomi said in April that he hopes that its global smartphone parts supplier will set up a base in India, which may bring in $2.5 billion in investment and create up to 50,000 jobs in India.
In April this year, India imposed a 10% tariff on imports of important smartphone parts. The country is promoting the local production of mobile devices in India.
Xiaomi said in the statement that Helitai will manufacture camera modules, thin film transistors and fingerprint sensors in Tirupati, Andhra Pradesh, India.
The company expects to begin production before the first season of 2019 with the goal of creating 6,000 jobs in three years.
The reporter learned that Helitai signed a memorandum of understanding with Andhra Pradesh of India and will set up a local factory in Xiaorui in Tirupati.
The parts manufacturing facility will be located on 75 acres of land in Tirupati and will begin mass production, with annual production capacity of nearly 50 million per component. The plant will also have nearly 50% cleanroom, which It is the first project in Andhra Pradesh to stimulate the development of the industry. Cleanroom is a space that reduces particulate pollution and controls environmental parameters such as temperature, humidity and pressure.
Andhra Pradesh has implemented incentives for the establishment of manufacturing plants in taxation, land and electricity subsidies. Helitai is a leading manufacturer of electronic components.
On August 6, Xiaoli parts supplier Helitai signed a memorandum of understanding with Andhra Pradesh of India, which will set up a parts manufacturing plant in India.