Chinese firm Xiaomi, commonly known for its MI smartphones in India on Monday announced to open three more plants in the country aiming to boost local manufacturing. These plants will include company’s first Surface Mount Technology(SMT) plant in Chennai, where it will stress on producing printed circuit board assembly (PCBA), which is one of the important and costly components on smartphone and contributes almost half of the total value of the device. New plants opening might be dubbed as an intelligent step as the Narendra Modi-led government has imposed a 10 per cent tax on imports of key smartphone components.
Xiaomi India’s Vice President Manu Jain announced the decision at “Supplier Investment Summit”. He said, ” the company is one of the pioneers in the country to start local assembly of PCBAs.”
“Xiaomi’s high-quality, well-designed products at ‘honest prices’ have been instrumental in disrupting the Indian smartphone industry. I believe we will continue to play a key role in transforming India into a global manufacturing hub,” Jain further said. However, he didn’t disclose the cost of the project.
Presently, Xiaomi’s six smartphone manufacturing units are serving to the demands of users.
The three-day summit was attended by over 50 global smartphone component suppliers, with the aim of helping them set up local manufacturing units in the country.