Xiaomi announces three new smartphone plants and key component unit in India
10 April, 2018, 16:10 | Author: Tara Roberts
The announcement was made at a Supplier Investment Summit in New Delhi which was attended by tens of Xiaomi component suppliers to familiarize them with the growth opportunities in the country.
Should all the 50 suppliers decide to set up base in the country, Xiaomi says it would lead to the "biggest ever single investment in the electronic manufacturing industry", bringing in added investments of $2.5 billion and create over 50,000 local jobs.
Xiaomi has a robust expansion program in India and is planning to go big in the country.
"They've called all their leading suppliers and are giving them a vision of investing in India", Tarun Pathak, an analyst with consultancy Counterpoint Research, told CNNMoney.
The company's first PCBA manufacturing plant was set up in Sriperumbudur, Tamil Nadu.
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The component suppliers will visit Uttar Pradesh and Andhra Pradesh to explore and learn about investment opportunities in India, including incentives offered by the Centre and state governments, FDI policy, industrial policy and various state sector specific policies.
Xiaomi on Monday announced the opening of three more smartphone manufacturing plants in India. That's certainly an ambitious goal, and it remains to be seen whether there's enough skilled labor available for setting up component manufacturing facilities. And given that other major smartphone makers including Vivo and Huawei have recently championed in-display technology with pioneering new devices, there is strong incentive for Xiaomi to compete on this front.
The three new smartphone plants, built in partnership with Foxconn, are located across campuses in Sri City, Andhra Pradesh and a new campus in Sriperumbudur, Tamil Nadu with a total campus area of 180 acres. It will also start manufacturing the devices at an existing plant that now only makes power banks. These facilities employ almost 10,000 workers, 95 per cent of whom are women. With the particular component making up nearly 50% of the value of a phone, Xiaomi is looking to save costs by manufacturing it locally. "Additionally, all of the assembly work is done by women", Xiaomi said in a statement. Xiaomi is expected to integrate PCBs manufactured in India on all smartphones manufactured from Q3 2018. the aim is to infuse an overall capital of Rs 15000 crore with the capability to generate employment to over 50000 people both directly and indirectly.
"We realised that manufacturing in India has to be part of the global supply chain". The new factories will result in an increased production capacity of two smartphones per second during operational hours.
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