Schedule a Call Back
Optiemus Electronics partners with Wistron for making electronic products
Industry News- Aug 28,21
OEL will invest Rs 13.5 billion in the next three to five years to increase its plants capacity. It intends to reach revenues of Rs 380 billion within the next three to five years in multiple product segments.
New Delhi
Optiemus Electronics Limited (OEL) has announced a strategic partnership with Taiwanese manufacturing giant, Wistron, for manufacturing electronics products in India. Both the companies were among the first to be approved for the Production Linked Incentive (PLI) scheme for mobile and electronics manufacturing in India.
A. Gururaj, Managing Director of OEL, said Wistron would use OEL’s plants in Noida to manufacture products.
Gururaj said Indian manufacturers do not get PLI benefits on phones priced above Rs 15,000 unlike, global companies like Wistron, Foxconn and Pegatron. So, Wistron will pass on orders for such devices to OEL’s plants. The partnership between both the companies will help produce IT hardware products and automotive products for electric vehicles (EVs).
OEL will invest Rs 13.5 billion in the next three to five years to increase its plants capacity. The company’s plants which manufacture mobiles will now manufacture laptops as well. OEL had earlier announced a collaboration with homegrown Noise to make wearables.
OEL intends to reach revenues of Rs 380 billion within the next three to five years in multiple product segments. The company also plans to increase its employee count to 11,000. The company is talking to customers in the wearables, mobiles and EV manufacturing space.
Source – Mint
Optiemus Electronics
Taiwan
Wistron
manufacturing electronics
Production Linked Incentive
PLI scheme
Related Stories
Electrical & Electronics
Localisation to boost India’s electronics industry: Vijay Aditya Raghavan
In this interview, Vijay Aditya Raghavan, VP – Operations EMS & Head – New Business Initiatives at TVS Electronics, elaborates on the country’s increasing electronics manufacturing capabilitie..
Read moreElectrical & Electronics
Henkel Opens Electronics Application Centre in Bengaluru
Henkel launches a Bengaluru-based innovation hub to co-develop, test and validate advanced materials, strengthening local electronics manufacturing capabilities and accelerating time to market.
Read moreElectrical & Electronics
In electronics, deeper localisation is the key for value creation: Mukesh Vasani
In this interview, Mukesh Vasani, Chairman & MD, Aimtron Electronics, emphasises that long-term consistency, capital support and ecosystem development are essential to building a resilient, export-d..
Read moreRelated Products
Ultra-slim Humidity/temperature Indicator With Large 4” Display
ELECTRICAL & ELECTRONIC EQUIPMENT
Countronics offers a wide range of ultra-slim humidity/temperature indicator with large 4” display – Model 7100-4W.
Read more
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
