Homegrown Optiemus Infracom Joins Hands With Taiwanese Giant Wistron; To Invest Rs 1,350 Cr To Boost 'Make In India’
Homegrown Optiemus Infracom Joins Hands With Taiwanese Giant Wistron; To Invest Rs 1,350 Cr To Boost 'Make In India’ 
Make in India symbol (MONEY SHARMA/AFP/Getty Images) 

Homegrown electronics manufacturing company Optiemus on Tuesday announced a strategic partnership with Taiwanese giant Wistron to manufacture mobile devices, IT hardware and automotive-EV products with an investment of nearly Rs 1,350 crore.

Optiemus said that it targets a revenue of nearly Rs 38,000 crore in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next three-five years.

The strategic alliance will offer a unique proposition in Indian Electronics Manufacturing Services (EMS) market backed by joint product development, engineering capabilities, software and firmware development, besides giving a boost to employment generation in the country.

The alliance will also work towards creating a joint hub in India for design solutions product development, apart from bringing smart manufacturing to the country.

"The strategic combination of manufacturing expertise and technical prowess of both India and Taiwan will herald a new era in the Indian electronics eco-system and help realise the vision of a $5 trillion economy," said A Gururaj, MD, Optiemus Electronics Limited.

Apart from manufacturing mobile phones, the alliance will also work towards design and manufacturing of tablets, laptops, hearables/wearables, telecom products, IoT/Industrial IoT, smart meters/devices and automotive-EV products.

Optiemus has two manufacturing plants in Noida with a total combined manufacturing capacity of about two million devices per month.

"A world-class design and manufacturing infrastructure in India is the need of the hour to fulfil the untapped demand from the global players where quality is paramount. PLI will be a key enabler to bridge any gaps in developing the ecosystem for the next decade." Said David Shen, President and CEO, Wistron Smart Devices.

Through this partnership, Optiemus and Wistron will jointly explore the possibilities of catering to both domestic and overseas customers through OEL's manufacturing facilities.

This news has been published via a Syndicated feed. Only the headline is changed.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber