Optiemus to make mobile devices

Noida-based Optiemus Electronics has announced a strategic partnership with $30-billion Taiwanese iPhone maker Wistron Corporation’s Indian subsidiary to manufacture mobile devices, IT hardware and electric vehicle products.

Eligible for productionlinked incentive (PLI), Optiemus plans to invest Rs 1,350 crore in the next three to five years, targetting a revenue of Rs 38,000 crore.

The alliance will look into joint product, software and firmware development. The alliance will also work towards creating a joint hub in India for design solutions product development and smart manufacturing.

The alliance will also work towards design and manufacturing of tablets, laptops, hearables, wearables, telecom products, Internet of Things, Industrial IoT, smart meters and devices and automotive-electronic vehicle products.

Optiemus is eligible for the PLI scheme for both mobile phone manufacturing and IT hardware manufacturing. OEL targets a revenue of Rs 38,000 crore from multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next three to five years. It will invest Rs 1,350 crore in these years.

Optiemus Electronics has two manufacturing plants in Noida with a total combined manufacturing capacity of about 2 million devices per month.

Wistron entered India in 2015 by buying a minority stake in Optiemus for assembled devices for Taiwan's HTC and South Korea's LG. That partnership ended this year.