Tuesday, November 30, 2021

Optiemus Electronics ties up with Wistron to boost production

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Electronics manufacturing services company Optiemus Electronics on Tuesday announced a strategic partnership with Apple’s contract manufacturer Wistron to boost production. Optiemus Electronics Ltd (OEL) Managing Director A Gururaj said Wistron will invest Rs 1,350 crore over the next 3-5 years under an agreement signed between the two companies. OEL expects to generate revenue of Rs 38,000 crore in the next 3-5 years and create 11,000 jobs

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 realize the vision of a $5 trillion economy,” said A Gururaj, MD, Optiemus Electronics Limited.

“With partnership with Wistron, Optiemus will focus on manufacturing of mobile devices, personal computers, electric vehicles etc. Optiemus and Wistron Corporation will jointly explore the possibilities of catering to both domestic and overseas customers through OEL’s manufacturing facilities,” Gururaj said.

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

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“A world-class design and manufacturing infrastructure in India is the need of the hour to fulfill 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.

”These (Rs 38,000 crore revenue) projections are based on a PLI scheme drafted by the government in which a target has been set. The investment of Rs 1,350 crore will be invested in mobile phones and telecom products over a period of 3-5 years,” Optiemus Infracom Chairman Ashok Kumar Gupta said.

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