Homegrown company Optiemus Electronics yesterday announced the signing of an MoU with Wistron Infocomm Manufacturing to manufacture mobile devices, IT hardware, and Automotive EV products. The strategic partnership will form a unique alliance to strengthen Opteimus Electronics’ ties with USD $30 billion Taiwan headquartered Wistron Corporation. The partnership is a major milestone towards building an Atma-Nirbhar Bharat by making India a global hub for electronics manufacturing.
The alliance will work towards creating a joint hub for India for Design Solutions Product Development apart from bringing smart manufacturing to India. The strategic alliance also offers a unique proposition for 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 work towards the design and manufacturing of tablets, laptops, wearables, telecom products, IoT/Industrial IoT, smart meters/devices, and automotive-EV products. The duo will also focus on the expansion of the design ecosystem in India.
OEL has already managed to bag PLI for both mobile phone manufacturing and IT hardware manufacturing and plans to significantly increase its investments to Rs 1,350 crores in the next 3 to 5 years. OEL targets a revenue of Rs 38,000 crores in multiple product segments while ramping up its manpower to reach a figure of around 11,000 in the next 3 to 5 years.
The company has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of 2 million devices per month. OEL and Wistron will offer Taiwanese technology at optimized cost and PLI sharing all under one roof.. The duo will jointly explore the possibilities of catering to both domestic and overseas customers through OEL’s manufacturing facilities.
“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.”
A. Gururaj, MD, Optiemus Electronics Limited