On August 6, Holitech signed a memorandum of understanding(MOU) with the government of the Indian state of Andhra Pradesh on investment in electronics manufacturing in India. The State Governor of Andhra Pradesh Nara Chandra Babu Naidu, Holitech President Chen Guisheng and Xiaomi Vice President in India Manu Jain and other leaders attended the signing ceremony.
According to the memorandum, Holitech will invest RMB 1 billion (this is a rough number, with the special investment mode and amount to be further confirmed) in a new plant in Tirupati, southern Andhra Pradesh, to produce camera modules (CCM), color liquid crystal display (TFT), capacitive touch screen modules (CTP), flexible printed circuit board (FPC) and fingerprint identification module (BR), which can create about 6,000 jobs in the local area.
