OEL is partnering with Wistron to manufacture mobile devices, IT hardware, and automotive/electric vehicle (EV) products.
In a major milestone towards building an Atmanirbhar Bharat by making India a global hub for electronics manufacturing, Optiemus Electronics Ltd (OEL) has signed an MoU on a strategic partnership to form a unique alliance to strengthen ties with Wistron Corp.’s Indian subsidiary Wistron Infocomm Manufacturing (India) to manufacture mobile devices, IT hardware, and automotive/electric vehicle (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.
The alliance will also work towards design and manufacturing of tablets, laptops, hearables/wearables, telecom products, IoT/industrial IoT, and smart meters and devices. The alliance will also focus on the expansion of design eco-system in India. Currently, OEL has PLI for both mobile phone manufacturing and IT hardware manufacturing, and plans to significantly increase its investment to INR1,350 crores in the next three to five years.
OEL targets to achieve a revenue of approximately INR38,000 crores in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 over the same period.
OEL 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 optimized cost and PLI sharing, all under one roof. Through this partnership, OEL and Wistron 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 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 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,” said A. Gururaj, MD, OEL.
David Shen, President and CEO of 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 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.”