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
Machine Tools & Accessories
Sumake Partners with SWIT for Aerospace Tooling in India
Taiwanese firm to bring precision-engineered tools to India’s aerospace sector, enhancing assembly, maintenance efficiency, and safety for manufacturers with global-standard aviation solutions.
Read moreAutomation & Robotics
Automation to drive India’s manufacturing future: Dr Sanjeev Srivastava
In this interview with Rakesh Rao, Dr Sanjeev Srivastava, Head Industrial Automation, Delta Electronics India Pvt Ltd, highlights the changing dynamics of Indian manufacturing sector and growing imp..
Read moreElectrical & 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 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
