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China's Xiaomi says parts supplier Holitech Technology to invest $200 million in India

Updated : August 06, 2018 10:50 PM IST

Xiaomi had said in April that it wanted its global smartphone component makers to set up base in India, in what could potentially bring as much as $2.5 billion of investment and create as many as 50,000 jobs.
India imposed a 10 percent tax on imports of key smartphone components, including populated printed circuit boards, in April as it moves to step up local assembly of mobile devices.
China's Xiaomi says parts supplier Holitech Technology to invest $200 million in India

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