Xiaomi has managed to position itself very well all over the world, enjoying a great success outside of China, its homeland, so much so that the main market of this company is India. This country has proven over time to be the key market of the Chinese giant since its debut in 2014, where it has surpassed big companies like Samsung, succeeding in becoming the number one smartphone provider in the nation. Knowing this, Xiaomi decided to find a way to consolidate his progress, so he decided that his key component supplier, Holitech, will have a factory in India.
A new way in the Indian market!
Xiaomi wanted to issue a statement on the investment, which indicated that the component manufacturer was in Tirupati, in the southern state of Andhra Pradesh. The declaration quotes: "Holitech it will produce components such as camera modules, thin film transistors and fingerprint sensors. The movement in line with the vision of the Indian government could generate an investment of $ 2,5 billion and create up to 50.000 jobs in India. "
Changes in smartphone prices thanks to Holitech!
Taking this into account, it should be remembered that New Dehli created a tax of Present in several = 10% on all imports of smartphone, including populated printed circuit boards. This means that this measure will not only create jobs and stimulate the economy of the country, but will also directly affect the prices of mobile phones, since less taxes will be paid. With all this knowledge, Holitech should start production in the first quarter of 2019, with the main goal of generating a total of 6.000 jobs in 3 years.
Xiaomi wants to continue to progress in its best market today and in its constant investment, not only worrying about increasing its production but also wanting to help India generating a large number of jobs and improving its economy.
