Xiaomi wants component suppliers to invest in India


Xiaomi is also setting up a new printed circuit board (PCB) assembly unit in Sriperumbudur in partnership with Foxconn.

This is the first Supplier Investment Summit for Xiaomi in the country, and the Chinese company is seeking to educate the participating component suppliers from around the world about the manufacturing ecosystem in India.

The logo of Xiaomi is seen inside the company's office in Bengaluru, India, January 18, 2018.

The new manufacturing facilities should alleviate long-standing supply issues.
Today we are deepening this commitment with three more smartphone factories and our first SMT plant dedicated towards local manufacturing of PCBA units.

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.

In an attempt to strengthen its position further, Xiaomi announced three more smartphone manufacturing facilities in India on Monday. This was just the first step, as the company will be launching three more smartphone manufacturing plants in the region, making for a total of six mobile plants.

The three new plants will be operated in partnership with Taiwanese electronics firm Foxconn.

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A PCBA is one of the most important components of the smartphone and contributes to almost 50 per cent of the value of the device.

Speaking at the first-ever "Supplier Investment Summit" in the capital, Manu Jain, Vice President - Xiaomi Global, and Managing Director - Xiaomi India, said the company is one of the pioneers in the country to start local assembly of PCBAs. He said that a small number of phones were also being made at Noida with another partner - Hipad.

As part of the "Make in India" drive, Xiaomi plans to help roughly 50 assemblers of components suitable for smartphones and tablets to set up shop in the country, which will hopefully prompt further economic growth and provide local job opportunities.

These facilities employ over 10,000 people and 95 per cent are women, Jain added. Xiaomi additionally said that all of the assembly works are done by women.

Xiaomi also added, if the foreign suppliers agree to set up their units in the country, it will create thousands of jobs. "The new factories will result in an increased production capacity of two smartphones per second during operational hours", Xiaomi said in a statement.

Xiaomi manufactures 95% of the phones it sells in India locally and its embrace of Prime Minister Narendra Modi's "Make in India" program have helped it avoid import tariffs that have restricted global rivals.