India's Optiemus Electronics Partners With Wistron To Manufacture Smartphones And Laptops Under PLI

India's Optiemus Electronics Partners With Wistron To Manufacture Smartphones And Laptops Under PLI

Homegrown contract manufacturer Optiemus Electronics Limited (OEL) is forming a strategic partnership with $30 billion iPhone-maker Wistron in India to jointly make mobile phones, laptops, IoT and IT hardware devices and Automotive- EV products. Under the deal, OEL will invest Rs 1,350 crores in the next 3 to 5 years with an aim to achieve a revenue of Rs 38,000 crores in multiple product segments.

With the tie-up, both companies are aiming to leverage the Indian government’s mobile and IT hardware production-linked incentive (PLI) schemes.

This is their second strategic collaboration in India. Both companies had previously formed a joint venture, which ended recently with OEL’s parent company, Optiemus Infracom Limited, buying Wistron’s 19.91% share in the company.

The previous joint venture ended because their business was not active and many of their previous clients like HTC and BlackBerry exited the Indian handset market.

“Given the market dynamics globally, a shift is happening towards India and the government has come with PLIs. It makes sense to do things together. Wistron has a vision for India. We are now reviving the relationship again. We have already been exchanging ideas and expertise,” A. Gururaj, MD, Optiemus Electronics Limited said. “Last time it was only mobile, this expansion now goes beyond to other categories.”

#Electronics #MakeInIndia #PLIScheme

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5 Comments

  1. PK on February 25, 2023 at 5:22 am

    Well its good but we need 100’s like this every year if we have any hope of lifting 500M people out of poverty

  2. kambarovsky kambarovsky on February 25, 2023 at 5:24 am

    What about semiconductor?

  3. Francis Immanuel on February 25, 2023 at 5:32 am

    Helo

  4. Kevin Salmador on February 25, 2023 at 6:02 am

    Good
    Very good !

  5. The Funny One on February 25, 2023 at 6:11 am

    This is great news for Indian semiconductor and tech hardware industry

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