HOT DEALS

Xiaomi’s Make in India 2.0, to open 3 new smartphone plants with $2.3 billion investment

Xiaomi Smartphone Plants

Have you not upgraded your website to HTTPS yet? Upgrade NOW.

Google with its Chrome 68 update to show all HTTP websites as NOT SECURE. Avoid Google's penalty by installing an SSL Certificate. Get a DigiCert Standard SSL and secure your website at just $157/year. BUY NOW

ADVERTISEMENT
DAILY BRIEF
Get daily updates straight in your inbox.

Xiaomi today, April 9 announced its opening of three more smartphone plants with Foxconn in India. Additionally, it will manufacture printed circuit board assembly or PCBA in its first Surface Mount Technology or SMT plant in Chennai.

MD of Xiaomi India, Manu Kumar Jain tweeted about the same denoting that these are the brand’s efforts under the #MakeInIndia initiative. One of the tweets reads: “5 manufacturing plants across 2 campuses. 10K employees, 95%+ women. Capacity= 2 ph/sec”.

It as well mentions that the company already hosted the top 50 global suppliers. Manu writes: “If all of them invest in India, it could potentially mean ₹15K Cr investment.” The attached photo with this tweet says that it would be equal to 50,000 jobs.

Manu highlighted the capacity part in a separate tweet. He seems proud in stating that they can now ‘produce more than 2 phones / second, during operational hours.’

Related:

On the point of investment, Xiaomi’s new announcements have come from the first-ever Supplier Investment Summit in Delhi. Manu at the stage said that his brand is one of the pioneers in India to start local assembly of PCBA that holds 50% value of a smartphone. The summit was attended by over 50 global smartphone component suppliers.

The three new plants are located on campuses in Sri City, Andhra Pradesh and Sriperumbudur of Tamil Nadu. Xiaomi additionally said that all of the assembly works are done by women.

Xiaomi eyes on expanding its PCBA production to 100% of locally produced phones within the third quarter of the 2018 calendar year. The announcement regarding the production increment sees the brand as the second largest one in value addition in India after Samsung.

Stay put to know more from Xiaomi.

Via: Hindustan Times

Xiaomi's Make in India 2.0, to open 3 new smartphone plants with $2.3 billion investment