In a major milestone towards building an Atmanirbhar Bharat by making India a global hub for electronics manufacturing, Optiemus Electronics Limited (OEL) has signed an MoU on a strategic partnership to form an alliance to strengthen 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 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 the 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 the 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.13.5 billion in the next 3 to 5 years.
OEL targets to achieve a revenue of approximately Rs 380 billion 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 optimised 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.
Commenting on the development, A Gururaj, MD, Optiemus Electronics Limited 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 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 the Indian electronics eco-system and help realise 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.”
Meanwhile, 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 Atmanirbhar 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.”