Optiemus Electronics Limited announces investments of approximately INR 1350 Crores with targeted revenues of over INR 38,000 Crores and generate employment of around 11,000 in next 3 to 5 years in multiple product segments
Mumbai, August 24, 2021: In a major milestone towards building an Atma-Nirbhar Bharat by making India a global hub for electronics manufacturing, Optiemus Electronics Limited (OEL), a leading homegrown company engaged in manufacturing of next-generation electronic products today signed an MoU on a Strategic Partnership to form a unique alliance to strengthen the ties with the USD$30Bn Taiwan Headquartered Wistron Corporation’s Indian subsidiary Wistron Infocomm Manufacturing (India) to manufacture mobile devices, IT hardware and Automotive- EV products. 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 India.
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. The alliance will as well focus on the expansion of design eco-system in India. Currently, Optiemus has PLI for both Mobile phone manufacturing and IT hardware manufacturing and plans to significantly increase its investment to INR 1,350 Crores in the next 3 to 5 years.
OEL targets to achieve a revenue of approximately INR 38,000 Crores in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next 3 to 5 years.
Optiemus Electronics Limited currently has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of about 2 million devices per month. OEL and Wistron alliance will be able to offer Taiwanese technology at optimized cost and PLI sharing, all under one roof. Through this partnership, Optiemus and Wistron Corporation will jointly explore the possibilities of catering to both domestic and overseas customers through OEL’s manufacturing facilities.
Announcing the alliance, A. Gururaj, MD, Optiemus Electronics Limited said, “We at Optiemus Electronics Limited strongly support the Hon’ble Prime Minister’s call for Atma-Nirbhar Bharat for creation of a world class supply chain in India for Mobile/IT Products Manufacturing and related eco system and our alliance with Wistron India is a significant step forward in this direction. The strategic combination of manufacturing expertise and technical prowess of both India and Taiwan will herald a new era in Indian electronics eco-system and help realize the vision of a $ 5 Trillion economy. We also look forward to participating in future PLI schemes announced by the Government in line with our capabilities.”
David Shen, President & CEO, Wistron Smart Devices said, “Wistron is committed to creating a Global Design & Manufacturing Hub in India for Electronics & Telecom in support of Hon’ble Prime Minister’s vision of Atma-Nirbhar Bharat and Make-In-India. A World-Class Design and Manufacturing infrastructure in India is the need of the hour to fulfil the untapped demand from Global Players where quality is paramount. PLI will be a key enabler to bridge any gaps in developing the ecosystem for the next decade. It is time to extend our support to our Indian Partner as we embark on a wonderful and exciting journey together.”
Optiemus Electronics Limited (‘OEL”) is engaged into the business of manufacturing of telecom products in India. It provides a complete end-to-end solution to global and Indian brands encompassing world class manufacturing. The existing manufacturing facility of Optiemus Electronics Limited is located in Sector 63, Noida, Uttar Pradesh and a new larger facility in Sector 65 nearby is ready to start operations. With sizeable investments lined up, OEL aimed to further enhance its manufacturing and design capabilities. OEL has managed to win the trust of many Local as well as global brands, due to its commitment towards Quality, Timely Delivery, Flexibility as well as Customer Satisfaction.
About Wistron Infocomm Manufacturing India Pvt. Ltd.
A US$30Bn Group, HQ: Taiwan, 80,000 employees strong, Wistron is a renowned ODM organization having presence in multiple business segments and is a backbone of several global brands. Wistron focuses on ICT (information and communication technology) products, including notebook PCs, desktop PCs, servers, storage, LCD TVs, handheld devices, and devices and equipment for medical applications.
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The post Atma-Nirbhar Bharat gets a boost as home-grown Optiemus Electronics Limited announces strengthening of ties through Strategic Partnership with Taiwan’s Wistron for electronics manufacturing and related eco-system in India first appeared on TBM – The Broadcast Media.