- The alliance will also work towards creating a joint hub in India for Design Solutions Product Development apart from bringing smart manufacturing to India
- OEL targets to achieve a revenue of approximately Rs38,000 Crores in multiple product segments while increasing up its manpower significantly to reach a figure of around 11,000 in the next 3 to 5 years
Optiemus Electronics Limited (OEL) has signed an MoU on a strategic partnership to form an alliance to strengthen the ties with the $30 billion Taiwan Headquartered Wistron Corporation’s Indian subsidiary Wistron Infocomm Manufacturing (India) to manufacture mobile devices, IT hardware and Automotive- EV products. The alliance will also work towards creating a joint hub in India for Design Solutions Product Development apart from bringing smart manufacturing to India. OEL targets to achieve a revenue of approximately Rs38,000 Crores in multiple product segments while increasing up its manpower significantly to reach a figure of around 11,000 in the next 3 to 5 years.
It 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 PLI for both Mobile phone manufacturing and IT hardware manufacturing and plans to significantly increase its investment to Rs 1,350 Crores in the next 3 to 5 years.
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 currently has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of about 2 million devices per month. 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.
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.”