To boost the government’s Make in India initiative, homegrown contract manufacturer Optiemus Electronics has signed a memorandum of understanding (MoU) with Taiwan-headquartered Wistron Corporation’s Indian subsidiary Wistron Infocomm Manufacturing (India) to manufacture mobile devices, IT hardware and electric vehicles. The companies were among the first to be approved under the government’s Production Linked Incentive (PLI) scheme for mobile and electronics manufacturing in India.
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 ecosystem in India. Currently, Optiemus has PLI for both mobile phone manufacturing and IT hardware manufacturing and plans to significantly increase its investment to Rs 1,350 crore in the next 3 to 5 years.
Optiemus Electronics targets to achieve revenue of approximately Rs 38,000 crore in multiple product segments while ramping up manpower in its plants significantly to reach a figure of around 11,000 employees in the next 3 to 5 years.
OEL currently has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of about 2 million devices per month. Optiemus and Wistron alliance will be able to offer Taiwanese technology at optimized cost and PLI sharing, all under one roof. Through this partnership, both the companies will jointly explore the possibilities of catering to both domestic and overseas customers through OEL’s manufacturing facilities.
A. Gururaj, MD, Optiemus Electronics, said, “We at Optiemus Electronics Limited strongly support the Hon’ble Prime Minister’s call for Atmanirbhar Bharat for creation of a world class supply chain in India for mobile/IT products manufacturing and related ecosystem 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 ecosystem 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 and CEO, Wistron Smart Devices, said, “Wistron is committed to creating a global design and manufacturing hub in India for electronics and telecom in support of Hon’ble Prime Minister’s vision of Atmanirbhar Bharat and Make-In-India. A world-class design and manufacturing infrastructure in India is the need of the hour to fulfill 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.”