Holitech plans to invest $1 billion in India by 2017 – Feedback

Holitech Technology, a maker of LCD and touchscreen panels used in mobile phones, plans to invest $1billion in India by next year, a top company executive said. The announcement comes at a time when states like Haryana, Uttar Pradesh and Telangana are vying among themselves to woo Chinese component makers, as local smartphone companies seek suppliers to move up the value chain.

“We are looking at the supply chain here and how mature it is,” said Bingshuang Chen, chief executive of Holitech Technology, adding that the company was waiting for research and development (R&D) expertise to grow in India so it can work directly with handset brands here. “From our point of view, next year will be best time for us to enter the country…It (investment) could be as big as $1billion considering the requirement of facilities, equipment and all other technical aspects,” he added.

http://economictimes.indiatimes.com/industry/cons-products/electronics/holitech-plans-to-invest-1-billion-in-india-by-2017/articleshow/55020489.cms

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